The Home Depot gives $1M to Sandy relief

The Home Depot Foundation will give $1 million to the immediate relief, recovery and long-term rebuilding efforts in the Northeast following Hurricane Sandy.

American Red Cross will get $250,000 for immediate disaster relief supplies and activities. This donation is in addition to The Home Depot Inc.’s charitable arm’s annual gift of $500,000 to the Red Cross’ disaster giving program. Home Depot (NYSE: HD) gave the Red Cross requested items for cleanup activities in New York and New Jersey, including 5,000 metal/garden/stone/bow rakes, 5,000 flat/transfer shovels and 15,000 pairs of leather cowhide work gloves.