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Raymond James Donates $100,000 to Red Cross for Texas Relief

The American Red Cross of Central Florida announced today that Raymond James Financial, Inc. has donated $100,000 for the relief efforts in Houston and Austin, Texas. In addition, Raymond James has set up an online site to encourage Raymond James associates, clients and the public to easily donate; over $2,000 has already been raised to date.

Texas has been under the gun of a powerful storm system since early May, suffering repeated and ongoing severe weather and torrential rains. The situation worsened over Memorial Day weekend as more flooding hit the state, including parts of major cities such as Houston, Austin, San Antonio and Wichita Falls. A State of Emergency has been declared for dozens of counties.

Even though the rain has finally stopped in Texas, flooding is still a danger as rivers continue to rise. Officials estimate about 8,000 homes are affected. Thousands have lost everything and the Red Cross is with them, providing food, relief supplies and comfort.

“The operations here and in Oklahoma are our largest and most complex since Hurricane Sandy, “ notes Richard Reed, Red Cross Senior Vice President of Disaster Cycle Services. “It’s not just the size that makes it complicated, but the drawn-out nature of the event. So far it’s affected nearly every part of this large state, including both urban and rural areas.”

Donations such as the generous Raymond James contribution help to cover costs of providing food, shelter, blankets, cots, emotional support, health services, initial casework and relief supplies. These contributions also cover some of the less visible costs that make relief possible including logistics, staff and technology expenses. The Red Cross estimates that it will spend more than $5 million (as of May 29) helping people hit by the severe weather in Texas. However, it’s important to note that Red Cross costs could be significantly higher. Additional flooding could cause more destruction which would impact the scale of the services and total costs.

The Red Cross has had more than 2,200 workers in Texas providing shelter, meals, relief items, health services and emotional comfort. Forty-five Red Cross emergency response vehicles are traveling through the impacted communities, distributing food, water and more than 62,000 relief supplies. Red Cross mobile kitchens are preparing meals and workers have served more than 73,000 meals and snacks. Red Cross workers are also providing health services such as replacing lost eyeglasses and medications and providing emotional support to those affected.

For 52 years, Raymond James has been a leader in philanthropy and community support. Associates are involved in numerous organizations across the nation, including civic clubs, schools, chambers of commerce and social service organizations. The firm is a top corporate sponsor of the United Way Suncoast and is a frequent supporter of education and the arts. Raymond James has been a longtime partner of the Red Cross and has made an impact on disaster victims, both down the street and around the country.

Visit Raymond James’ Twitter or Facebook pages, where the firm has shared stories and photos about events throughout the country. For more information about the firm’s community involvement, visit raymondjames.com/community.

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has nearly 6,400 financial advisors serving in excess of 2.6 million client accounts in more than 2,600 locations throughout the United States, Canada and overseas. Total client assets are approximately $502 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available at www.raymondjames.com.

About the American Red Cross:

The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the nation's blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit redcross.org or visit us on Twitter at @RedCross.

Help people affected by disasters like the Texas and Oklahoma and countless other crises by making a gift to American Red Cross Disaster Relief. Your gift enables the Red Cross to prepare for, respond to and help people recover from disasters big and small.