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Red Cross' National Disaster Fund Nearly Depleted.

Knight Ridder/Tribune Business News

| August 01, 2003 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By John Boudreau, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News

Aug. 1--The national disaster relief fund for the American Red Cross is virtually depleted, leaving the agency with very little money to rush assistance to victims of earth...uakes, fires, tornadoes and floods.

The agency had $1.2 million on hand at the end of June, well below the $56 million it aims to have on reserve at all times for disasters. Officials believe the relief fund could now be close to zero.

"This is a scary time," said Harold Brooks, chief executive of the American Red Cross Bay Area Chapter, which includes San Mateo, San Francisco, Alameda, Contra Costa, Solano and Marin counties. "We …

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Source: HighBeam Research, Red Cross' National Disaster Fund Nearly Depleted.

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