Share

Silicon Valley pours $300,000 into Haiti

Hurricane Matthew reaches Florida's coast

Silicon Valley is banding together to assistance Haiti, after a island republic was slammed by Hurricane Matthew.

Nonprofit startup New Story has raised about $300,000 from execs during companies like Salesforce (CRM, Tech30), Google (GOOG), DocuSign and Amazon (AMZN, Tech30) in a past 24 hours.

The income will go directly to New Story’s efforts to reconstruct homes after Matthew, that has broken some 3,200 homes in Haiti and displaced some-more than 15,000 people.

With 350,000 people affected, Haiti is confronting a misfortune charitable predicament given a harmful trembler 6 years ago.

New Story differentiates itself from other nonprofits by pledging finish clarity to donors. It operates both as a crowdfunding height and as an civic planner, partnering with internal nonprofits to oldster families in need of housing. (In Haiti, it partners with Mission of Hope.)

new story

It afterwards raises income for one family during a time, with a idea of roughly $6,000 apiece, that is how many it costs to build a tolerable home with simple petrify blocks and a tin roof. Donors can see a specific family helped by their income and how a supports were used — what went toward timber, concrete and thatch materials.

Hurricane Matthew is attack quite tighten to home for New Story, that has rebuilt 211 homes in Haiti given rising in Dec 2014. (It also builds homes in El Salvador and Bolivia.)

Related: Hurricane Matthew might be one of many costly storms in U.S. history

All a homes built by New Story withstood Hurricane Matthew, according to New Story CEO Brett Hagler.

He pronounced that a homes helped keep 2,000 people protected during a hurricane.

New Story got concerned in a stream predicament when DocuSign CEO Keith Krach called Hagler on Tuesday morning. Krach, who is an confidant and donor to New Story, pronounced he accepted only how unpropitious another healthy disaster in Haiti would be. Thousands of people are still vital in tents 6 years after a 2010 earthquake, Krach told CNNMoney.

Related: $6,000: what it costs to residence a homeless family

“We feel it’s intensely critical after a disaster that people are giving to a pure organization,” pronounced Hagler, observant that 100% of donations go to construction. (Red Cross and other nonprofits have been criticized for spending a immeasurable apportionment of donations on overhead.)

Anyone can present to New Story’s service efforts. So far, a immeasurable infancy of a donations have come from Silicon Valley, with Salesforce contributing $100,000.

Article source: http://rss.cnn.com/~r/rss/edition_business/~3/YubNKD5TbQE/index.html