KPMG Launches Employee Fund Drive for Tsunami Victims

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In response to employee sentiment and consistent with President Bush's request for donations by U.S. businesses to aid those affected by the tsunami disaster in South Asia, KPMG LLP, the audit, tax and advisory firm, this week launched a partner and employee fund-raising drive whereby the U.S. firm will match all individual employee contributions for disaster relief. Contributions are being made to the KPMG Disaster Relief Fund.

“The human toll alone in Indonesia, Sri Lanka, India, Thailand, and other countries is staggering, and we felt compelled to respond,” said Eugene D. O'Kelly, KPMG LLP chairman and CEO. “KPMG fosters a collaborative environment for our partners and professionals, so it was a natural move for us to choose a matching donation mechanism that brought everyone together.

“We're hopeful that this mobilization of KPMG's 18,000 U.S. partners and employees will help bring some comfort to those in distress, " O'Kelly said. “KPMG employees have a long history of stepping up and supporting those in need, and we have no doubt they will rise to the occasion here as they did most recently in conjunction with the 9/11 disaster.”

KPMG plans to work with the Disaster Relief Board to identify relief organizations that will best provide assistance to those most in need. The KPMG Fund will also seek advice on how best to allocate fund contributions from its own KPMG senior partners in the affected countries, O'Kelly said.

In addition to the matching campaign by the U.S. firm, KPMG International, the global network of professional services firms, has pledged to donate an additional $1 million to relief efforts.

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