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6 Sep 2012 15:00
Chase announced today the launch of the voting period for the 2012 Chase Community Giving program, which will determine the allocation of $5 million in Chase grants to 196 charities selected by Facebook users and Chase online customers.
The voting period will begin today, September 6 and last through September 19 and is open to the public at Facebook.com/ChaseCommunityGiving and for Chase customers at Chase.com/ChaseGiving. Chase will donate the $5 million to the 196 charities who receive the most votes, with awards as follows:
$250,000 to the charity receiving the most votes; $100,000 to each of the next ten runner-up charities; $50,000 to each of the next thirty-five runner-up charities; $20,000 to each of the next fifty runner-up charities; $10,000 to each of the next one hundred runner-up charities;In June, Chase customers and employees came together to nominate the nearly 30,000 charities who make up the pool of participants for the 2012 program. All eligible nominated charities had the opportunity to receive an equal share in an additional $2.5 million grant by accepting their nomination by August 30th. Eligible nominated charities that did not accept their nomination by August 30th can still participate in the voting period.
To be eligible for the 2012 program, nominated charities must be a registered 501(c)(3) public charity with annual operating expenses below $10 million and meet other requirements as described in the program's rules. The $7.5 million in grants is in addition to the firm's regular philanthropic giving. JPMorgan Chase donates more than $150 million annually to charitable causes.
"Voting with Chase Community Giving helps to energize the vast number of supporters of so many great causes," said Kimberly B. Davis, president of the JPMorgan Chase Foundation. "At Chase, we are excited to lead local and national causes in finding a voice and raising awareness and critical funding for their work in communities."
For more information on the program, please visit Facebook.com/ChaseCommunityGiving.
About Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com.
About Chase Community Giving
Chase Community Giving was introduced in 2009 as a new way forward for giving. It's a program that lets fans of Chase Community Giving, and now Chase customers, vote to help determine where Chase donates millions of dollars. Since the program's inception, nearly 3.5 million Facebook users have "liked" Chase Community Giving. In total, millions of people have helped Chase donate over $20 million to over 500 charities in 41 states, Washington D.C. and Puerto Rico. Chase Community Giving is part of JPMorgan Chase's annual giving, which totaled more than $200 million last year.
Media:JPMorgan Chase & Co.Erich Timmerman, 212-622-4080erich.timmerman@jpmchase.com
Copyright Business Wire 2012
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