The funds will be divided between America's Second Harvest, Habitat for Humanity, Hurricane Help for Schools, Salvation Army, and the Carl McCain Foundation.
Members and staff from the New York Mercantile Exchange and the New York Board of Trade kicked off the fundraising effort on September 2 when they donated $70,000 during a dress down day hosted by the New York Mercantile Exchange Charitable Foundation (NCF). The NYMEX floor community raised another $680,000; NCF donated $200,000, and the Exchange contributed an additional $550,000.
Exchange Chairman Mitchell Steinhause said, "NYMEX is pleased to provide assistance to the survivors of Hurricane Katrina. As these brave Americans work to rebuild their lives, the charities we selected will support their needs for food, shelter, educational resources, environmental assistance, and medical aid to those in the energy industry."
