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Friday, October 10, 2008

American Red Cross Bailout

As previously mentioned on this blog, the American Red Cross’ emergency funds have been depleted, and the organization has been struggling with its fundraising efforts. In an extraordinary move, the Red Cross asked Congress for $150 million in funds to make up for the $260 million in disaster relief spent this year alone. While a fundraising campaign has brought in $42 million so far, the organization had to borrow $200 million to cover its costs. This week, Congress promised $100 million to replenish emergency funds.

If you feel compelled to help the Red Cross reach their goal, you can review our rating of the organization and donate directly via our website by clicking here.

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