Published: Mon, September 04, 2017
Money | By Armando Alvarado

Texas billionaire Dell to raise funds for Harvey recovery

Texas billionaire Dell to raise funds for Harvey recovery

Michael Dell, founder and CEO of computer giant Dell Inc., said he and his wife Susan would donate $36 million from their foundation to help Texas recover from Harvey's catastrophic flooding.

"As Texas begins its efforts to restore its communities in the aftermath of Harvey, I am proud to announce that the Michael & Susan Dell Foundation is working with OneStar Foundation to create the Rebuild Texas Fund", said Governor Abbott.

The donation ― the largest single contribution to a Harvey relief organization yet ― will found the Rebuild Texas Fund. From ordinary citizens grabbing their boats to aid rescue efforts to Hollywood celebrities and sports stars leading the donation effort, nationwide help has been sent to Texas.

The pair has already donated $17 million to launch the fund.

The statement says the street in Houston where Dell grew up is under water.

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Dell, a native of Houston that was among the hardest hit areas in the storm, said the gift was made because it will speed and support the essential recovery efforts. The figures were growing and pledges were continuing to be received. "I thank Michael and Susan Dell for their commitment to the State of Texas and to all those affected by Hurricane Harvey".

Department store chain Walmart pledged up to $20 million in cash, products and matching donations.

FedEx and UPS, for instance, have pledged $ 1 million each, including the use of their delivery networks to help orchestrate relief efforts, the report said.

The Dells said the Rebuild Texas Fund has four core initiatives: health and housing, schools and child care, workforce and transportation, and capital for rebuilding small businesses. DentaQuest works with over 6,350 dental providers in the state of Texas who serve roughly 1.7 million Texans.

Janet Mountain, the Dell Foundation executive director said the new fund would focus first on the initial efforts but continue through with rebuilding and long term recovery efforts.

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