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The Walt Disney Company announced today that it will make a corporate contribution of $2.5 million to the relief and rebuilding efforts for victims of Hurricane Katrina. One million dollars will be donated to the American Red Cross for immediate relief efforts, one million dollars will be designated for rebuilding efforts targeted at children’s charities, and the remaining $500,000 will be directed towards volunteer centers providing services to the communities affected by the hurricane.

"The devastation in the wake of Hurricane Katrina is simply heartbreaking and our thoughts are with those struggling in the aftermath of this disaster," said Michael Eisner, CEO, and Bob Iger, president, COO and CEO-elect of The Walt Disney Company. We hope that our donation will aid emergency management teams and organizations in their efforts to provide assistance to those impacted."