A firm that was significantly affected by the 9/11 attacks has taken the latest disaster, Sandy, and turned it into hope.
The Cantor Fitzgerald Relief Fund has donated $10 million to storm victims. “We understand the tremendous loss that has shaken so many families,” said Howard Lutnick, Chair and CEO of Cantor Fitzgerald and BGC Partners, Inc.
Cantor Fitzgerald lost hundreds of employees in the attacks on the World Trade Center.
The relief fund has “adopted” 19 elementary schools throughout the disaster-stricken communities and will be distributing $1,000 prepaid debit cards to each family from the selected schools through March.
“We learned from the tragedy of 9/11 how important it is to provide support directly to people who are suffering,” said Edie Lutnick, the on-site executive director for Cantor Relief. “We are grateful for the opportunity to assist these families and help communities to heal.”
Cantor Fitzgerald has an annual Charity Day in which it typically donates 100 percent of its revenues to the relief fund and other charities. This year, the funds are going directly to the storm affected families.