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Google, Goldman Sachs donate millions to help refugees

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Europe is struggling to cope with the number of people fleeing war and poverty, and now some of the world’s biggest corporations, as well as individual entrepreneurs, are coming forward to help.

Germany is leading efforts to try to solve the refugee crisis. Berlin expects 800,000 asylum applications this year. Smaller Germany companies have joined the effort, offering to find work for those who stay

UN High Commissioner for Refugees (UNHCR) has received $17 million in donations from companies and individuals in six days.

  • Google:$ 1.1 million donations to organizations that provide shelter, food, water, medical care, and other essentials for people in dire need.
  • Goldman Sachs: $3 million to UNHCR to help migrants arriving at Europe’s borders from war-torn countries.
  • Audi: $1.1 million donations to support local emergency aid programs.
  • Zara, Ericsson, Volvo, H&M and Brown Forman are partnering with additional companies to provide aid.

Significant number of soccer clubs in Europe gave donations to help refugees.

  • Bayern Munich: will donate $1.1 million to charities, setting up a training camp, which will provide refugee children with meals and free German language classes.
  • Real Madrid: It would match Bayern’s donation to help displaced people taken in by Spain.
  • Europe’s top 80 soccer teams: donate one euro for every ticket sold for their first home matches of the regional league competitions. Expect to raise between $2.3 to $3.4 million.

Individual business leaders are also stepping in.

  • Petter Stordalen: has offered 5,000 free overnight stays in his chain of hotels in Norway.
  • Naguib Sawiris: has offered to buy an island from Greece or Italy to provide a temporary home for refugees.

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