Corporate America Pledges Major Support for Boston Marathon Bombing Victims

Twin bombings at the finish line of the Boston Marathon on April 15 killed three people and injured scores more.

As investigators continue to search for clues into the two Boston Marathon backpack bombings that killed three people and injured another 183, donations are coming in from around the country to support victims and their families.

In the first 24 hours after the bombing, The One Fund Boston, a charity created by Mass. Governor Deval Patrick and Boston Mayor Tom Menino, received donations of more than $7 million, including from more than 8,500 individual donors and several major corporations.

At least four firms - AT&T, Bain Capital, John Hancock and Partner HealthCare - have pledged $1 million to the fund, and many other companies have also made large contributions. Adidas, the marathon's official sponsor, launched a limited edition "Boston Stands as One" T-shirt with 100 percent of proceeds going to The One Fund Boston.

"I am humbled by the outpouring of support by the business community and individuals who are united in their desire to help," said Governor Patrick. "The One Fund Boston will act as a central fund to receive much needed financial support."

Mayor Menino lauded the rapid and passionate pledges of support from the business community.

"Within an hour, I had calls from business leaders and local philanthropists who, like me, were heartbroken by the impact this hideous tragedy has had on individuals, their families, and friends," said Mayor Menino. "And they want to do everything they can to help these people physically and psychologically in the future."

Among the slew of corporate donors was the Verizon Foundation, the charitable arm of Verizon Communications, which has pledged $100,000 to One Fund Boston and will also provide a 1-to-1 match of employee online donations to the fund.

"The thoughts and prayers of Verizon employees across the globe are with the victims, families and friends affected by this senseless tragedy," said Rose Stuckey Kirk, president of the Verizon Foundation.  "Verizon's roots in the Boston community go back more than a century, and we're committed to supporting the community during this crisis."

Beginning Friday, April 19, more than 250 CVS/pharmacy stores will be accepting donations for The One Fund Boston to support those affected by the Boston Marathon bombings.

Leading U.S. retail pharmacy CVS Caremark also announced that its private foundation will donate $100,000 to the fund.

"CVS Caremark has deep roots in New England and a strong presence in Boston. We are deeply saddened by the tragedy at the Boston Marathon and its effect on victims and their family members," said Larry Merlo, president and CEO of CVS Caremark.

Starting tomorrow, CVS will hold an in-store donation campaign for The One Fund Boston at more than 250 CVS/pharmacy stores in the Greater Boston Area.

"We have stores only blocks away from the Boston Marathon finish line, so we know how strongly this tragedy has affected our local customers and employees and that there is a strong desire to help," said Mark Cosby, president of CVS/pharmacy. "We wanted to make it easy for our customers to support One Fund Boston by bringing an in-store donation campaign directly to the Boston community."

Other individuals and corporations making commitments to The One Fund Boston include Brian Moynihan, president and CEO of Bank of America, Steve Pagliuca, co-owner of the Boston Celtics and Larry Lucchino, CEO of the Boston Red Sox. Boston law firm Goodwin Procter has volunteered to organize The One Fund Boston and is applying for 501(c)(3) status.

"We are one Boston. We are one community," said Mayor Menino. "As always, we will come together to help those most in need. And in the end, we will all be better for it."

Donations to The One Fund Boston can be made at onefundboston.org.

Image credits: hahatango, Flickr; Montgomery County Planning Commission, Flickr