Wilmington, DE - April 27, 2012 - JPMorgan Chase [NYSE: JPM] has been named Corporate Donor of the Year by the Food Bank of Delaware at the organization's Annual Awards Dinner. JPMorgan Chase was recognized for its continued support of the Food Bank's effort to provide meals to Delawareans in need.
"We're so thankful for the support of JPMorgan Chase," said Food Bank of Delaware president and CEO Patricia Beebe. "Despite a difficult economic climate, their generosity throughout the year plays an important role in our ability to meet the food needs of Delawareans. Without JPMorgan Chase and others we would have significantly less resources to alleviate the critical issue of hunger in the First State. It takes our entire community - nonprofits, corporations, faith-based organizations, government and others to make sure Delawareans, especially children, are receiving proper nutrition."
JPMorgan Chase has a long history of supporting the Food Bank:
JPMorgan Chase is supporting the Food Bank of Delaware and World Vision during the 2012 Wilmington Grand Prix on Friday, May 18. Employee volunteers will fill as many as 3,000 backpacks with weekend food and supplies for underserved children in Delaware.
The JPMorgan Chase Foundation recently donated $165,000 to help open three new food pantries at the Eastside Community Schools serving Elbert Palmer, Bancroft and Stubbs Elementary Schools. This funding will allow the Food Bank to provide even more food to children and families in New Castle County as well as ensure the continued success of its Culinary School. JPMorgan Chase is a founding supporter of the Food Banks' Culinary School Training Program, which has provided hundreds of Delawareans with job opportunities in the culinary services industry.
Last year, hundreds of Chase employees packed more than 350 meal boxes for Delaware senior citizens as part of AARP's Drive to End Hunger initiative with NASCAR driver Jeff Gordon. They also participated in the Food Bank's first-ever DelawareCAN competition.
In 2010, the JPMorgan Chase Foundation awarded the Food Bank with a brand-new, state-of-the-art food delivery truck. The truck allows the Food Bank to distribute an additional 250,000 pounds of fresh meats, fruits, vegetables and dairy products to 241,600 Delawareans at risk of going hungry.
JPMorgan Chase employees regularly volunteer at the Food Bank's Newark warehouse and at their mobile pantries directly serving community members in need.
"We are incredibly proud to receive this distinguished honor from the Food Bank of Delaware," said Keith Schuck, president, Chase Bank, N.A. "They play a critical role in providing sustenance to our community members in need, and we are happy to continue supporting the amazing work they do."
About the Food Bank of Delaware
The Food Bank of Delaware distributes between seven and 10 million pounds of food and grocery products each year its network of 475 hunger-relief program partners throughout the state and also provides thousands of meals a month for children through the After-School Feeding Program, the Summer Food Service Program and the Backpack Program. The Food Bank's hunger-relief programs directly provide for 241,600 Delawareans at risk of going without meals each year. For more information about the Food Bank of Delaware, visit www.fbd.org or call (302) 292-1305.
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.