GARDEN CITY, N.Y., May 5, 2010 - Chase Auto Finance has donated a full-size pickup truck to help transport food, water and crucial medical supplies to earthquake victims in Haiti.
"Chase and our employees have supported recovery efforts in Haiti since soon after the earthquake struck in January," said Marc Sheinbaum, chief executive officer for auto finance at Chase. "We're glad to continue to help in this important work."
Chase donated a 2004 GMC Sierra 1500 SLE to the William J. Clinton Foundation, which is spearheading the "100 Trucks for Haiti" campaign. The truck will help distribute food, water and medicine in the capital of Port Au Prince, Haiti, and in other rough-terrain areas of the country.
The National Automobile Dealers Association initiated the "100 Trucks" program because the delivery of supplies has been limited by a lack of trucks. Pickup trucks are especially helpful because they often can navigate ruined streets and highways better than cars can.
Additionally, JPMorgan Chase and its employees committed $2.75 million for humanitarian aid in Haiti. The firm matched $1 million in employee contributions made to one of four relief organizations--American Red Cross, CARE, UNICEF or World Vision. It also has pledged an additional $500,000 to these organizations to support ongoing relief and recovery efforts plus $250,000 for immediate relief aid to the American Red Cross and CARE.
Chase was the No. 1 auto lender in the United States in new loan production in 2009, lending $23.7 billion to finance 1.1 million new and used vehicles for consumers.
Chase, together with its affiliates, is a major provider of auto financing. Parent company JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 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.