Marriott International and the Marriott Family Pledge a Total of $3 Million to Support Hurricane Katrina Relief
Disaster Relief Fund to Benefit Affected Associates and American Red Cross
WASHINGTON, Sept. 7 /PRNewswire/ -- Marriott International, Inc. (NYSE:MAR) and the Marriott family's private foundation, The J. Willard and Alice S. Marriott Foundation, have pledged a total of $3 million to aid employees and victims of Hurricane Katrina.
"Hurricane Katrina has caused heartbreaking loss for the people of the Gulf Coast region, including our associates, their families and their communities," said J.W. "Bill" Marriott, Jr., chairman and CEO, Marriott International, Inc. "Our company and the Marriott family extend our deepest sympathy and concern to all those affected by this tragedy."
The company has contributed $500,000 to the American Red Cross to help all in the affected communities and has also established the Marriott & Ritz- Carlton Disaster Relief Fund under the auspices of the Community Foundation for the National Capital Region, a charitable organization, and made an initial $500,000 donation. This newly-established fund allows the company, associates, owners, franchisees, business partners, customers and others to financially assist Marriott & Ritz-Carlton managed and franchised associates affected by significant disasters in communities where we live and work.
The Marriott family foundation has made a challenge grant to match, dollar-for-dollar, all contributions to the Marriott & Ritz-Carlton Disaster Relief Fund received by March 1, 2006, up to a maximum of $1 million. The company's $500,000 contribution to this Fund is not included in the Foundation's challenge grant. Company associates, owners, franchisees, business partners, customers, guests or those wishing to double their own contributions toward associate assistance are invited to donate to the Marriott & Ritz-Carlton Disaster Relief Fund.
Separately, the Marriott family has pledged an additional $1 million toward longer-term disaster relief efforts, with the recipient organizations to be determined as the greatest needs are identified.
If you would like to contribute to the Marriott & Ritz-Carlton Disaster Relief Fund, you may do so by sending a check payable to:
Marriott & Ritz-Carlton Disaster Relief Fund
The Community Foundation for the National Capital Region
1201 15th Street NW, Suite 420
Washington, D.C. 20005
For more information on the Marriott and Ritz-Carlton Disaster Relief Fund or to make a donation, please visit http://www.marriott.com/.
*The Marriott & Ritz-Carlton Disaster Relief Fund is established under the Community Foundation for the National Capital Region, a public charity qualified under U.S. Internal Revenue Code Section 501(c)(3). Donations are tax deductible as charitable contributions to the extent allowed by applicable law.
MARRIOTT INTERNATIONAL, INC. (NYSE:MAR) is a leading lodging company with more than 2,600 lodging properties in the United States and 65 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, Renaissance, Bulgari, The Ritz-Carlton, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites, and Fairfield Inn brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C. It is ranked as the lodging industry's most admired company and one of the best places to work for by Fortune(R) magazine. In fiscal year 2004, Marriott International reported sales from continuing operations of $10 billion, and the company had approximately 133,000 employees at year-end 2004. For more information or reservations, please visit our web site at http://www.marriott.com/.
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