ACE Contributes $1M to The Salvation Army to Aid N.Y., N.J. Families

December 31, 2002

ACE Limited announced that, as a part of their five-year commitment to aid the families of victims of the Sept. 11 tragedy in the United States, the company has chosen The Salvation Army to be the second recipient of $1,000,000 from a special fund established in the wake of the tragedy.

The fund, which is administered by charitable trusts operated by ACE Foundations in Bermuda and Philadelphia, provides one million dollars a year for a period of five years to organizations aiding families affected by the disasters in New York, Washington and Pennsylvania. Last year, ACE donated its first million-dollar contribution to the American Red Cross Disaster Relief Fund.

This year, the Greater New York and New Jersey Divisions of The Salvation Army, which have been closely involved in assisting families affected by the attacks on the World Trade Center, will be the recipients of funding.

“We’re pleased to support The Salvation Army and its “9/11 Recovery Program” that focuses on providing a variety of intensive social services, mental health services and financial assistance to the affected families in New Jersey and New York,” ACE Limited chairman and CEO Brian Duperreault said. “We want to do everything we can to help families rebuild their lives by ensuring that they receive adequate counseling and keeping economically displaced families in their homes.”

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