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Investment Bank Cantor Fitzgerald Gives Out $1,000 Pre-Paid Debit Cards to Coney Island families

Big bank! Financial giant funds Coney families

Brooklyn Daily
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Hurricane-hurt families headed to two Coney Island elementary schools on Jan. 11 to receive $1,000 in assistance money from financial firm Cantor Fitzgerald.

The investment bank handed out free, $1,000 pre-paid debit cards to families of students at PS 90 on W. 12th Street between Surf and Neptune avenues and at PS 329 between Surf and Mermaid avenues, two of the 19 Sandy-smacked schools the company is helping.

Edie Lutnick, executive director of Cantor Fitzgerald’s relief fund, said the giveaway was part of a continuing tradition of philanthropy for the company — once headquartered in the World Trade Center — that started with the relatives of those killed on America’s darkest day.

“We have taken the knowledge gleaned from assisting the 9-11 community and applied it to families impacted by super storm Sandy, providing them with direct financial assistance,” said Lutnick.

The company has already given Sandy victims more than $1,000,000 worth of cards — which families can charge for anything they want — and plan to return to the People’s Playground on Jan. 18 at PS 188 on Neptune Avenue between W. 33rd and W. 35th streets. The only requirement to receive a card is that parents must have a child enrolled in the school.

Allison Lutnick — sister-in-law to Edie and wife of Cantor Fitzgerald’s chairman and chief executive officer Howard Lutnick — said the firm decided to help out Sandy survivors because the large number of its personnel come from and still live in storm-wounded areas.

“We created the relief fund’s school adoption program to help families in communities that were among the hardest hit by the storm, and which many of our employees care deeply about and some call home,” she said.

Reach reporter Will Bredderman at or by calling (718) 260-4507. Follow him at

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Reader Feedback

Elsie N from Coney Island says:
Parents of children that attend P.S.288 and I.S. 303 were affected as well in the same area, I wonder why they didnt receive this assistance as well?
Jan. 18, 2013, 11:33 am
Anna from Gerritsen Beach says:
PS 277 The Gerritsen Beach School was affected by Sandy along with 2,500 homes that were flooded. PS 277 wasn't able to open till November 7th due to the water damage. Some families are still not back in there homes. The children and their families are still dealing with the aftermath of Sandy. It is something that we will never be able to forget. Will that school also be adopted? How can PS 277 be put on the list?
Jan. 18, 2013, 3:09 pm
Gina from Sea Gate says:
That's great for those children and their families, Cantor should consider going to all affected areas and helping. We could use the assistance especially for rebuilding.
Jan. 18, 2013, 9:25 pm
Roman from Sea Gate says:
It's so nice that Cantor Fitzgerald gave money to those who live in Public Housing and didn't lose anything except being without heating and electricity for 10 day. I live in Sea Gate and house was flooded totally and we have thousands of damages with no remedy from insurance company and there are hundreds like us who got nothing and morevever, had no clue about this distribution as it was never communicated in Sea Gate area and do you think it's fair? Think about it.
Jan. 21, 2013, 11:40 am
Dahlene Crews from coney island says:
My child's school P.S./I.S 288 was damaged and didn't reopen til January 2013. Why were those schools chosen and not all that were affected by Hurricane Sandy. My building elevators are still broke and I live on the 18th floor. We at 2970 West 24 street have to ride the elevator from another building, climb the stairs to the roof, cross the roof and walk down to whatever floor we live on. These conditions are bad especially for the wheel chair bound tenants who can't and have not been outside since he storm. You have children crossing the roof to get in and out of the building. It's a sad situation and my prayers go out to all those affected and still facing one hardship or another. God bless you all.
Jan. 25, 2013, 4:43 am

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