The charity has revealed exactly how it will spend the whopping amount donated by generous Aussies during the telethon.
Australians dug deep to donate a staggering $25 million for flooding victims during Saturday night’s live telethon.
Now the Australian Red Cross has revealed exactly where the huge mountain of money will be going.
The charity’s spokesperson Garry Page told Sunrise on Monday the funds will be paid out to eligible victims in northern NSW and Queensland via two cash grants.
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“The first one will be $500 in immediate assistance to those people whose primary place of residence has been impacted, they’ve suffered flood damage and they’re in immediate financial hardship,” he explained.
“The other is a $20,000 payment for people who unfortunately have had a loved one, a family member, who has passed away in these flood events.”
Applications for the grants can be made online from Friday, with first payments expected to be made on Monday.
Mr Page said “100 per cent of that $25 million will go to people impacted by this flood event” amid concerns by some that the funds could be held onto by the charity or spent on administration.
This is because corporate partners had agreed to cover those costs.
“There has been so much generosity by those corporates and philanthropic organisations that we are 100 per cent guaranteeing every cent that was raised through the appeal will be distributed in immediate assistance to those who were impacted,” Mr Page said.Double-Breasted Trench CoatLattelier|SponsoredShop Now
Red Cross will also list how many grants have been paid out on its website, in order to be as transparent as possible about where the donations are going.
“We want to be fully accountable for these funds that have been so generously donated,” Mr Page said.
“And we will demonstrate on an ongoing basis absolutely clearly how much of those funds have been distributed and how many applications we have received.”
The Red Cross Flood Appeal, broadcast on the Seven Network, Nine and Network 10 on Saturday night, saw music stars, celebrities and popular news and entertainment personalities from across all three networks band together.
More than 92,000 people across the country donated a total of $25.2 million.
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