Wall Street Funds for Haiti

GivingTracker| We don’t get the same sense of urgency for philanthropy in Haiti that celebrities and the entertainment world is gearing up. There is some good news — and lots from Jefferies — as Wall Street takes a look into its checkbooks in support of Haiti.

Jefferies donated all trading commissions on Friday, Jan. 15, after expenses, and many of the firm’s 2,500 employees were donating a day’s salary to the relief effort. “We did this because of the magnitude of this tragedy. This has happened to an island with some of the poorest people to begin with,” said Jefferies chief Richard Handler.

A representative for the United Nations Children’s Fund, or Unicef, addressed Jefferies traders before the market opened and traders acted at much higher volume. By day’s end, Jefferies raised more than $5 million from commissions. In addition, Jefferies, the firm, is donating $1 million to the effort. via WSJ

Donations from other Wall Street firms include: $2 million Citigroup; $1 million each from JP Morgan Chase, Morgan Stanley, Goldman Sachs and Bank of America. Wells Fargo is contributing $100,000.