The Congressional Black Caucus Foundation, which slammed the Bush administration for its allegedly slow and racially insensitive response to Hurricane Katrina, has yet to spend any of the estimated $400,000 that it raised for the victims of the Aug. 29 storm. "We are collecting all the way up through the very end of the year and then our board has set aside a committee who is going to administer the funds," Patty Rice, spokeswoman for the Congressional Black Caucus Foundation (CBCF), told Cybercast News Service on Wednesday. The Foundation is an offshoot of the Congressional Black Caucus and was founded in 1976.In the days immediately following the hurricane, with parts of the Louisiana and Mississippi coastline demolished and the city of New Orleans under water as a result of broken levees, members of the Congressional Black Caucus condemned the Bush administration's handling of storm relief efforts.