NEW YORK, NOVEMBER 28, 2011 - Chase, DonorsChoose.org and G-Team, Groupon's philanthropic arm, kicked off a unique one-week-only giving opportunity to help purchase essential classroom supplies for science, technology, engineering and mathematics (STEM) education-related projects. Continuing its support of education initiatives that enhance STEM curricula, Chase will give an additional $40 for every $10 donation made to DonorsChoose.org through G-Team at http://www.groupon.com/deals/gx-gt-donorschooseorg.
In the U.S., teachers spend an average of $40 each month out of their own pockets to buy basic supplies for their classrooms. To help ease that financial burden, Chase has teamed up with DonorsChoose.org to offer a G-Team campaign within the Grouponicus Holiday Shop, Groupon's expertly curated collection of hand-picked deals perfect for gifting. Grouponicus allows shoppers' generosity to multiply when giving the gift of experience to everyone on their list.
From Nov. 28 through Dec. 4, Groupon users can pledge support for needed school supplies via DonorsChoose.org's G-Team campaign in $10 increments, with Chase matching each $10 with an additional $40 pledge, up to a total of $500,000. Purchasers will then visit DonorsChoose.org to redeem their $50 G-Team vouchers and direct their donation toward classroom projects of their choice at schools in their local communities.
Here's how it works:
"We wanted to promote learning and help alleviate the burden on teachers to provide essential classroom resources to their students," said Kimberly B. Davis, President of the JPMorgan Chase Foundation. "The beauty of this opportunity is that it garners support from both individuals and institutions, dedicated to inspiring students to achieve their greatest potential."
"We are honored to be partnering with Chase this holiday season and provide the gift of giving through this G-Team deal," said Charles Best, CEO and Founder of DonorsChoose.org.
"We're excited to partner with DonorsChoose.org as our exclusive featured G-Team campaign in this week's Grouponicus Holiday Shop," said Patty Huber, Director of G-Team."With Chase's added assistance, we're giving subscribers the opportunity to give the gift of social good and provide much-needed support to classrooms throughout their local Groupon communities nationwide."
Over the last five years, Chase has gifted more than $180 million to educational programs and nonprofits.
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 consumers and small businesses through 5,400 bank branches, 16,800 ATMs, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships and schools and universities. Chase also has issued more than 90 million credit cards. More information about Chase is available at www.chase.com.
Founded in 2000 by a social studies teacher in the Bronx, DonorsChoose.org is a nonprofit website where public school teachers describe specific educational projects for their students, and donors can choose the projects they want to support. After completing a project, the donor hears back from the classroom they supported in the form of photographs and student thank-you letters. Requests range from pencils for a poetry writing unit, to violins for a school recital, to microscope slides for a biology class. In the past ten years of operation, residents of 50 states and 10 countries have funded 226,000 student projects, channeling more than $94 million in resources to over 5.5 million students.
G-Team, launched in July 2010 in Chicago, features a weekly local campaign in more than 65 markets across North America, enabling Groupon followers to do good, have fun, and make a real impact in their communities. G-Team uses collective action to gather support for worthwhile causes and produce tangible results for local organizations. To learn more about G-Team and how to become a featured organization, visit http://www.groupon.com/g-team.
Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see and buy in 45 countries around the world. Groupon uses collective buying power to offer huge discounts and provide a win-win for business and consumers, delivering more than 1,000 daily deals globally. To subscribe for the best deals in your city, visit http://www.groupon.com. To learn how to become a featured business, visit http://www.grouponworks.com.