Rayonier Donates $80,000 for Disaster Relief
Rayonier (NYSE:RYN) has announced an $80,000 donation aimed at assisting communities affected by recent wildfires in the Pacific Northwest and hurricanes in the Gulf Coast. The funds will support seven local chapters of the American Red Cross and food banks in Oregon, Alabama, and Louisiana. Doug Long, Sr. VP of Forest Resources, emphasized the company's commitment to aid rural communities already challenged by the global pandemic. Rayonier is a leading real estate investment trust focused on timberland, managing approximately 2.7 million acres in the U.S. and New Zealand.
- Donation of $80,000 to aid disaster relief efforts.
- Commitment to support impacted rural communities amid the pandemic.
- Support directed to local chapters of the American Red Cross and food banks.
- None.
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today an
“Many rural communities, already struggling in the face of the global pandemic, are now dealing with the devastating impact of these natural disasters,” said Doug Long, Sr. Vice President, Forest Resources. “Families have lost loved ones, their homes, and their jobs. Rayonier is committed to support the relief efforts and help these communities where we live and work get back on their feet.”
The donation is earmarked for seven local chapters of the American Red Cross in Alabama, Louisiana and Oregon, and for the Marion Polk Food Share and Oregon Food Bank in Oregon.
“Our hearts go out to all the people impacted by these disasters, the first responders and volunteers for their continued work on the frontlines helping rural communities,” said Long.
About Rayonier
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of June 30, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.8 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (416,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a “look-through basis”, the Company’s ownership in the timber fund business equates to approximately 17,000 acres. More information is available at www.rayonier.com.
