PepsiCo committs $1 million, supplies for Haiti relief

PURCHASE, N.Y. (Jan. 14, 2010) - The PepsiCo Foundation announced Thursday it plans to donate $1 million to the earthquake victims in Haiti and that PepsiCo (NYSE: PEP) will provide Quaker products as well as bottled water and Gatorade for the disaster victims through its bottlers in Florida and the Dominican Republic. Of the $1 million, the PepsiCo Foundation has committed $500,000 for humanitarian relief to be allocated to three of its strategic partners, including the American Red Cross (to be earmarked for Red Cross partners operating in Haiti), Save the Children and Friends of the World Food Program. The remaining $500,000 of the pledge will be used to support longer-term rebuilding efforts designed to strengthen Haiti's infrastructure and limit significant damage from future disasters.