Loading...

Weather Alerts 1 View »

NYC firm hit hard on 9/11 gives $10M in Sandy aid

Hybrid winter storm Hurricane Sandy East coast Mid-Atlantic Photo: Image by photo courtesy NASA

NYC firm hit hard on 9/11 gives $10M in Sandy aid

CREATED Jan 10, 2013

Web Producer: Mekita Rivas

NEW YORK (AP) - The New York City firm that lost 658 employees in the Sept. 11 terror attacks is donating $10 million to families affected by Superstorm Sandy.

Cantor Fitzgerald plans to "adopt" 19 schools in communities hit hard by Sandy and give each family $1,000 to spend as they see fit.

Cantor Fitzgerald's headquarters in One World Trade Center were destroyed when terrorists struck the tower. The company lost two-thirds of its New York work force.

Cantor Fitzgerald CEO Howard Lutnick says each family will receive a debit card with $1,000 on it.

Lutnick says he learned after losing so many employees with young children that help should come with no strings attached.

Lutnick will join Sen. Charles Schumer and other officials at Public School 256 in Far Rockaway on Thursday to hand out the first  cash cards.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)