Dell’s billionaire founder is pledging $36 million of his foundation’s money to help disaster relief efforts in the wake of Hurricane Harvey: the money will seed the Rebuild Texas Fund, an initiative that hopes to raise an additional $100 million for restoring affected communities. All money raised will go directly to victims; none will be used for administrative costs.



Verizon has pledged $10 million and Toyota $3 million. But Mr. Dell hopes to eventually raise $100 million. His foundation’s pledge will seed the Rebuild Texas Fund, an initiative that will be run with the OneStar Foundation, which coordinates charitable work in Texas. The goal is to raise $100 million for the fund by the end of the Labor Day weekend. The Dell Foundation will contribute $18 million initially and match another $18 million as donations come in.

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Source: [H]ardOCP – Michael Dell Pledges Million in Harvey Relief