NYC firm hit hard on 9/11 gives $10M in Sandy aid

Published on NewsOK Modified: January 10, 2013 at 2:20 pm •  Published: January 10, 2013
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NEW YORK (AP) — Dozens of New Yorkers from a neighborhood ravaged by Superstorm Sandy lined up in a school auditorium Thursday to receive $1,000 debit cards from a financial services firm that lost hundreds of employees in the Sept. 11 terror attacks.

"This is such a help to my little son who is emotionally challenged and lost everything," said Debbie Torres, clutching her cash card from the brokerage firm Cantor Fitzgerald. "God, thank you. These people here, thank you. Thank everybody."

Cantor Fitzgerald, whose Sept. 11 death toll of 658 was by far the largest of any employer, announced Thursday that it will "adopt" 19 schools in communities hit hard by Sandy and give a total of $10 million to families in those schools.

Cantor Fitzgerald, its relief fund and its affiliate BGC Partners are donating $1,000 each to 10,000 families to spend as they see fit. The schools are in Brooklyn, Queens, Staten Island, Long Island and New Jersey. Cantor officials joined elected leaders at Public School 256 in Far Rockaway on Thursday to start the effort.

"This is going to be used up in a heartbeat because we have nothing," said Theresa Ward, who said her neighborhood looked like a war zone after the storm hit on Oct. 29.

"We watched the whole block burn down," Ward said. "The water was up to here and we couldn't leave the house. ... Everybody was putting their kids on their shoulders, and you have no idea what you're walking through. It's pitch black and it's freezing. You don't know if there's shards of glass or if there's sharks in the water or anything. It was just something that you never want to go through."

Ward and her husband, Paul, left immediately to shop for a bed for their 17-year-old son because the furniture in his ground-floor bedroom was destroyed. Their home still doesn't have heat and now the family, which also includes a 4-year-old boy, is planning to move.

Tony Osemwengie, father of a sixth-grade son, said he hadn't decided yet how to spend the money but he was glad to have it. "It means a lot to us," he said.

Cantor Fitzgerald CEO Howard Lutnick said he learned after Cantor's devastating loss of so many employees with young children that help should come with no strings attached.

"The best way to take care of a family is to put money in the hands of the parents and let them decide what to do," he said. "Maybe they need a couch and maybe they need to go to Toys R Us and buy their kids a present."

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