New York, October 26, 2011 - Chase announced today the launch of the fourth installment of its successful Chase Community Giving program that will determine the allocation of over $3 million in Chase grants to 100 charities selected by Facebook users.
Facebook's 800+ million users will have the opportunity to help determine how Chase allocates this portion of its annual giving by voting for their favorite charities through the Chase Community Giving application on Facebook. The Fall 2011 program will award a share of the Chase grants through one round of voting between November 8 at 12:00 pm EST and November 22 at 11:59 am EST. The charity receiving the most votes during that time will be awarded the top grant of $250,000. Charities finishing in places 2nd - 5th will be awarded $100,000 and charities placing 6th - 100th will receive $25,000.
"We are very excited about the Chase Community Giving Fall 2011 program and building on the success and enthusiasm around our continued efforts to support our local communities," said Kimberly Davis, President of the JPMorgan Chase Foundation. "The goal of Chase Community Giving is and has always been to give people in our communities a voice and a chance to make a difference."
To be eligible for the Fall program, charities must be a registered 501(c)(3) public charity with annual operating expenses below $1 million and meet other requirements as described in the program's rules. This $3 million in grants is in addition to the bank's regular philanthropic giving. JPMorgan Chase donates more than $150 million annually to charitable causes.
"Funding from Chase Community Giving is allowing us to launch a new program on climate justice, send 23 youth to Kenya and Brazil for service-learning and citizen diplomacy projects, and train hundreds of NYC and DC youth to become leaders and activists," said Evie Hantzopoulos, Executive Director of Global Kids. "It's had a tremendous impact on our organization."
"The tens of thousands of votes and the heartfelt Facebook postings we have received through Chase Community Giving made it abundantly clear to our clients that America stands behind New Orleans, and that Katrina survivors are not forgotten," says Liz McCartney, Co-founder of St. Bernard Project. "The funds we received have bought building supplies, and supported salaries for veterans who we employ to do construction work on our clients' homes."
Previous Chase Community Giving programs awarded $15 million to 400 small and local charities in 39 states, Washington, D.C., and Puerto Rico since 2009. Since its inception, Chase Community Giving has attracted nearly 3 million fans that have helped determined winners from hundreds of thousands of eligible charities nationwide. The program has generated money for hundreds of causes such as building schools in Africa, providing food and shelter to the homeless, and supporting the performing arts. In March 2011, Chase announced an additional two-year, $25 million commitment through the Chase Community Giving program.
For more information on the program, please visit http://www.facebook.com/ChaseCommunityGiving.About Chase