New York, May 10, 2011 – JPMorgan Chase today announced that it is teaming up with New York Giants' Justin Tuck to donate $275,000 to assist Alabama residents affected by the recent devastating tornadoes. The firm will give $150,000 to World Vision, a longtime disaster-response partner that will focus on families and schools, and $100,000 to The West Chamber Alabama Foundation in support of its Tuscaloosa Disaster Relief Fund, which is assisting with basic human services and recovery efforts in the Tuscaloosa area. Tuck, who grew up in Central Alabama, is donating $25,000 to World Vision through his organization, Tuck's R.U.S.H. for Literacy
In addition, Chase has implemented several temporary initiatives to help its customers in the areas most affected. Customers may be eligible for a deferral of payments without late fees or negative credit reporting and credit card line flexibility. The firm also has halted all collection and repossession efforts in 37 zip codes across Alabama, as well as in two zip codes in Georgia and Mississippi. Chase also is working closely with insurance companies to help get customers' homes repaired.
More than 5,000 residences and businesses in Tuscaloosa County have been destroyed or seriously damaged and 40 residents were killed and 12 are still missing.
"Our heart goes out to the people throughout the region, particularly those in Alabama, which was the most severely impacted," said Mel Martinez, Chairman of the JPMorgan Chase Foundation and former U.S. Senator representing Florida. "This donation and the additional steps we are taking to ease our customers' financial concerns will help Tuscaloosa County and other communities as they begin the healing and rebuilding process."
"I am so grateful that the people of Alabama have always supported me and I know they have the strength to overcome this tragedy," Tuck said. "Education and literacy have always been a passion of mine, so I am partnering with JPMorgan Chase and World Vision to ensure local students get the support they need during this recovery period." In 2008, Tuck founded Tuck's R.U.S.H. for Literacy to encourage children from New York City and Central Alabama to READ, UNDERSTAND, SUCCEED and HOPE.
"World Vision is deeply grateful for JPMorgan Chase's generous partnership with us to reach the most vulnerable survivors of this disaster," said Chris Glynn, the humanitarian agency's senior vice president of corporate development and U.S. programs. "JPMorgan Chase has assisted in many World Vision responses where children have urgent needs, whether for school supplies, for relief in U.S. disasters, or assistance in quake ravaged Haiti and Japan."
The JPMorgan Chase Foundation has donated more than $500 million to non-profit organizations over the last five years, with a particular focus on communities around the world devastated by catastrophic events.
Customers in Alabama and other areas who have been impacted by the recent tornadoes should contact Chase at the following numbers:
About World Vision
World Vision, a 501© (3) organization, is a Christian humanitarian organization dedicated to working with children, families, and their communities worldwide to reach their full potential by tackling the causes of poverty and injustice. We serve the world's poor -- regardless of religion, race, ethnicity or gender. World Vision's disaster relief response in the U.S. is designed to meet both immediate and long-term needs. Donations for World Vision's tornado response can be made at www.worldvision.org by texting TORNADO to 20222, or by calling (888) 56-CHILD.
About The Tuscaloosa Disaster Relief Fund
The Tuscaloosa Disaster Relief Fund has been established by the West Alabama Chamber Foundation, Inc., a 501©(3) organization. The fund was created as a means for individuals and businesses to make tax-deductible contributions for basic human services and recovery efforts in the Tuscaloosa community and surrounding areas. The website www.givetuscaloosa.com is now available for making contributions electronically. Contributions may also be made by making checks payable to "Tuscaloosa Disaster Relief Fund" and mailing them to P.O. Box 020410, Tuscaloosa, AL 35401. Call 205-758-7588 for more info.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The Firm is a leader in investment banking, financial services for consumers, small-business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.