Alexandria, Va., April 23, 2012 - Today, in conjunction with Earth Day, JPMorgan Chase (NYSE: JPM) and Good360 announced the launch of Tech Warehouse, a JPMorgan Chase Technology for Social Good program that will assist nonprofit organizations and schools with contributions of the firm's refurbished technology to enhance communities, improve individual productivity and address zero waste initiatives. This innovative program leverages the benefits of sustainable management of resources at their end of life in order to make a positive impact on the world.
"JPMorgan Chase is committed to funding impactful programs that make a meaningful difference in the communities where we work and live," said Guy Chiarello, Chief Information Officer, JPMorgan Chase. "Since 2009, we've been able to redeploy almost 30 percent of the desktops, laptops, monitors and printers collected - avoiding costs and reducing our environmental impact. We are proud to develop Tech Warehouse with Good360 as a way to continue our work toward preserving the environment while providing useful technology for those in need."
"Our new donation marketplace provides a great platform to distribute these highly desirable computers that would otherwise go to a landfill," said Ellie Hollander, Chief Strategy Officer & EVP for Business Development at Good360. "Good360 is committed to creating corporate, nonprofit and environmental win-win outcomes for excess technology and we're thrilled to be working with JPMorgan Chase on Tech Warehouse."
Under the new partnership, JPMorgan Chase will replace hard drives in more than 3,000 of its computers and connect with Good360's network of over 27,000 qualified charities through the world's largest online product donation marketplace. Under this pilot program, these clean and tested refurbished computers equipped with basic peripherals and OS software will be made available to nonprofits over the next year. Qualified nonprofits will be permitted to acquire up to 15 products annually and five per quarter. Donations must be used for the primary purpose of serving the ill, needy or youth and cannot be resold, auctioned, traded, bartered or cross international borders. Charities will be asked to pay $65 to cover shipping and handling fees, and the program will also require recipients to properly recycle the computers when they reach their end of life.
Good360, formerly Gifts In Kind International, has been providing product resources that help nonprofits meet their missions and allow companies to give back to the communities where they live and work since 1983. As the leaders in product philanthropy move to upgrade their cutting-edge online donation marketplace, the generous computer donations made by JPMorgan Chase will help stock the marketplace with one of the most requested products by their charity network.
For more information on joining Good360's charity network and accessing these donations, visit www.good360.org/JPMorganChase.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 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.
Consistently ranked by Forbes Magazine as one of the ten most cost-efficient charities in America, Good360 (formerly Gifts In Kind International) is dedicated to helping people and communities in need by distributing corporate product donations to qualified nonprofits. These include nonperishables, such as apparel, books, toys, personal care products, office and school supplies, computers and much more. On behalf of several Fortune 100 consumer, retail and technology companies, Good360 distributes products to a network of more than 27,000 pre-vetted organizations.