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September 11 fund plans to distribute $75 million to victims

source: Annanova

 

The September 11th Fund says it expects to begin making its biggest payout yet of $75 million (around £52.4m) before the end of the year:

The fund has been criticised as being slow to distribute money to victims of the terrorist attacks.

The fund, created by the United Way and the New York Community Trust, says it will distribute the sum to more than 20,000 people.

About two-thirds of the money will go to those who lost their jobs or were driven from their homes by the attack on the World Trade Centre.

The fund is the second-largest charity created in the aftermath of the attacks.

Wednesday's announcement represents the first large distribution of charitable aid to people whose jobs and homes were affected.

Talk show host Bill O'Reilly, who has criticised the United Way as being slow to distribute the money, and George Clooney, the actor who helped raise money for the fund, have been locked in a public dispute in recent days over the fund's handling of the donations.

"I think there is a natural tension between the desire to do it quickly and the need to do it well and responsibly, and we've frankly been establishing that balance using our best judgment," said Franklin Thomas, chairman of the fund.

The September 11th Fund has collected $347 million (around £2442m) so far. With Wednesday's announcement, it has either promised or actually paid out $143 million (around £99.9m). Thomas says plans for the remainder of the money have yet to be developed.

In addition, a new cash-assistance program will provide $10,000 (around £7,000) to families of people killed or injured in the attacks, Thomas said. The fund estimates that 2,000 to 3,000 families will receive those payments.

 

 

 

 

 

 

 

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