Cantor Fitzgerald, the financial services firm that tragically lost 658 employees in the September 11, 2001, attacks, is continuing its tradition of giving back. On the 22nd anniversary of the attacks, Cantor Fitzgerald is donating all of its global trading revenues to charity, including The Cantor Fitzgerald Relief Fund. The firm aims to raise $8-12 million through this generous initiative.
Charity Day, which was established in 2002, brings together celebrities and other guests to join Cantor Fitzgerald’s licensed brokers on trading floors to conduct transactions and raise funds. This year, notable celebrities such as Nicole Kidman, Keith Urban, Charlize Theron, Patrick Dempsey, Matthew McConaughey, Regina Hall, and former President Bill Clinton have been invited as ambassadors.
The Cantor Fitzgerald Relief Fund was created immediately after the September 11 attacks. It has provided $180 million in direct aid and health benefits to families of the firm’s perished workers. Additionally, the relief fund has donated a total of nearly $380 million to various groups.
In recent years, a significant portion of the fund’s contributions has been allocated to victims of natural disasters, including hurricanes in Puerto Rico, Super Storm Sandy in New York, tornadoes in Oklahoma, and fires in California.
Despite the devastating loss of personnel at Ground Zero, Cantor Fitzgerald has shown remarkable resilience. Under the leadership of CEO Howard Lutnick, who has been at the helm before and after the 9/11 attacks, the firm has endured and thrived.
The Cantor Fitzgerald Relief Fund is a testament to this resilience, providing significant assistance to the families of those who lost their lives. The headquarters of the company, located on the top floors of the World Trade Center’s north tower, collapsed on that fateful day. “We lost two-thirds of our workforce,” remarked Edie Lutnick, president and co-founder of the relief fund and sister of CEO Howard Lutnick. The Lutnick siblings themselves tragically lost their younger brother, Gary, in the attacks.
It is worth noting that Cantor Fitzgerald accounted for a quarter of the total fatalities in the World Trade Center attack, surpassing even the number of responders lost from the city’s Fire Department, which tragically lost 343 members. Edie Lutnick acknowledges that the pain never truly subsides. “You’re never OK. You find a new normal,” she said.
To support The Cantor Fitzgerald Relief Fund and its charitable efforts, CEO Howard Lutnick has personally donated $1 million. The fund can be reached at their website, www.cantorrelief.org. Edie Lutnick considers it the greatest accomplishment of her life to be involved in this worthwhile cause.
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