DALLAS (WBAP/KLIF)- Goldman Sachs is donating $110,000 to the Dallas Mayor’s Disaster Relief Fund.
The donation is intended to help those impacted by COVID-19
“Dallas, like every city, has been hit hard by the COVID-19 pandemic. We will get through this, and we will emerge stronger than we were before, but it will take all of us working together,” Mayor Johnson said. “I am grateful to Goldman Sachs for putting our community first with this generous donation, which will help our residents in their time of need.”
“We thank Mayor Johnson for his continued commitment to business in Dallas,” said Asahi Pompey, Global Head of Corporate Engagement and President, Goldman Sachs Foundation. “We are proud to join the Mayor in this vital mission to support the Dallas community.”
The Dallas Foundation sponsors the fund, which after this donation has about $850,000. The fund was created initially to aid the city as it sheltered refugees from Hurricane Katrina.
The money in the Mayor’s Disaster Relief Fund can only can be used in the event of a federally declared disaster. Texas received a federal disaster declaration for the COVID-19 pandemic on March 25.
Tristan Hallman with the mayor’s office said the Mayor’s Disaster Relief Fund advisory committee is looking to make a decision on how these funds will be used.
“It can be used for businesses, it can be used for residents the pandemic and its affects are sort of evolving everyday we are seeing more and more impact on people and businesses, so just like we did with the tornado relief money we will allocate those funds to where we can make the biggest impact,” said Tristan Hallman with the mayors office.
Businesswoman and former U.S. Ambassador Jeanne Phillips chairs the Mayor’s Disaster Relief Fund advisory committee. The other members of the committee are UT-Southwestern Vice President for Community and Corporate Relations Ruben Esquivel, The Beck Group’s Executive Chairman Peter Beck, City Manager T.C. Broadnax, Mayor Johnson’s Chief of Staff Mary Elbanna, and Matthew Randazzo, the CEO and President of The Dallas Foundation.
“The public’s outpouring of support in response to the immediate needs of our neighbors most impacted by the COVID-19 pandemic has been inspiring. We continue to hold that as a priority and must begin looking ahead to our community’s recovery from this significant disruption,” Randazzo said. “Goldman Sachs’ gift to the Mayor’s Disaster Relief Fund of The Dallas Foundation signals an investment in tomorrow’s Dallas, in which we all work to help every individual and family reach their full potential.”
To donate to the Mayor’s Disaster Relief Fund, click here.