Twin Towers Fund to Close After Disbursing $216 Million

Twin Towers Fund to Close After Disbursing $216 Million

The Twin Towers Fund will close up shop in the next few weeks, having distributed the $216 million that it raised for the families of police officers, firefighters, and other uniformed personnel killed or seriously injured in the terrorist attacks of September 11, 2001, the New York Times reports.

Rudolph Giuliani, then mayor of New York City, established the Fund within days of the attacks and tapped Laurence A. Levy, his deputy counsel, to lead the new organization. With a staff of five full-time and two part-time workers, the Fund raised money for more than 1,400 individuals and 438 families. Its job now nearly completed, the Fund has reduced its staff by three and will soon return its borrowed office space and furniture.

Levy will join his former boss as a member of management consulting firm Giuliani Partners. After beginning his career as an elementary school teacher, Levy became a lawyer and then spent thirty-two years working in various city administrations. His tenure as president of the Fund got off to a rocky start when he was attacked for being too slow to pass out the money and not showing enough concern for the families who had lost loved ones. He was able to repair the Fund's reputation with the families, however, by promising to distribute the funds quickly and by working more closely with them.

Chris Hedges. "As Twin Towers Fund Disappears, So Does His Job." New York Times 07/15/2003.