The Chronicle, 9/19/2005: Red Cross Sets $2-billion Fund-Raising Goal for Katrina Aid

The Chronicle, 9/19/2005: Red Cross Sets $2-billion Fund-Raising Goal for Katrina Aid: "Red Cross Sets $2-billion Fund-Raising Goal for Katrina Aid

By Grant Williams

The American Red Cross is estimating that it will eventually need more than $2-billion to cover its expenses related to emergency care for survivors of Hurricane Katrina.

The Red Cross, in Washington, said that it had raised nearly $765-million, of which approximately 33 percent was in pledges. The charity said it has already spent and distributed more than $521-million."