Total of $3 Million to Support Hurricane Katrina Relief
WASHINGTON, Sept. 7, 2005 - 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.
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 FundFor 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. is a leading lodging company with more than 2,600 lodging properties in the United States and 65 other countries and territories.
Marriott International, Inc.
|Also See:||Isle of Capri Casinos, Inc. Details Workforce Relief Fund and Payroll Details for 1,150 Team Members Affected by Hurricane Katrina / September 2005|
|Harrah's Will Provide its 6,000 Employees in Biloxi, Gulfport and New Orleans Casinos with Their Base Pay for up to 90 days; Establishes Harrah's Employee Recovery Fund with an Initial $1 million Grant / August 30, 2005|