Firm provides $100,000 to the Italian Red Cross and will match employee donations dollar-for-dollar to reach up to $200,000 in total
Press Release – August 30, 2016 (London) – JPMorgan Chase & Co. will donate up to $200,000 from the firm and its employees to support earthquake relief efforts in Italy, the firm announced today. The grant and employee donations will go to the Italian Red Cross.
“We stand shoulder to shoulder with the Italian communities that have suffered significant loss of life and devastating damage,” said Guido Nola, Senior Country Officer for Italy, J.P. Morgan, which has about 160 employees in the country. “J.P. Morgan has a 100 year history in Italy, and we are deeply committed to supporting the Italian Red Cross’ relief efforts in this dramatic moment for the regions hit by the earthquake and the whole country.”
In addition to a $100,000 grant, JPMorgan Chase’s special employee giving campaign will match employee donations dollar-for-dollar up to $50,000, for a total of up to $100,000, to the Italian Red Cross.
The Italian Red Cross will use the funding to support search and rescue teams and establish mobile kitchens for people forced to leave their homes.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. 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.