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January 14, 2013

N.Y. Finance Firm Still Owes Most of $10-Million 9/11 Pledge

A major New York financial house that last week announced a $10-million donation for Superstorm Sandy relief has yet to pay most of an identical pledge it made nearly five years ago to the National September 11 Memorial and Museum, Crain's New York Business writes.

Cantor Fitzgerald—which lost 658 employees in the Sept. 11, 2001, attack, the most of any company at the World Trade Center—has turned over less than a tenth of the April 2008 museum gift, a source told Crain's. A spokesman for the financial-services firm said it intends to fully satisfy the pledge but that there is no deadline for payment.

Cantor Fitzgerald said that it would donate $10-million to Sandy relief in the form of $1,000 cash gifts to families in Brooklyn, Queens, Staten Island, Long Island, and New Jersey that suffered hurricane losses, the Associated Press reports.