JPMorgan Chase has announced that it will launch the second round of its $5 million community giving program on the social networking site Facebook on June 15.
To underscore the smaller, more local focus of the bank's Community Giving Summer 2010 program, only 501(c)(3) organizations with operating budgets of $1 million or less will be eligible to receive a grant. The organization that receives the most votes by July 12 will receive $250,000, while four runners-up will each receive $100,000 and the rest of the top two hundred vote-getters will each receive $20,000.
Based on feedback from participants in the first Chase Community Giving contest, charities will be allowed to edit and include media in their profiles, and voters can earn badges as well as the right to "gift" votes. Winning charities from round one are not eligible to participate in round two. As in the previous round, funding provided through the program is in addition to the bank's regular philanthropic giving, which totals more than $100 million a year.
"As a company, we're highly committed to serving our local communities, and Chase Community Giving has proven to be an innovative approach to philanthropic giving at the local level," said Chase chairman and CEO Jamie Dimon. "We've now seen that when corporations listen to the communities they serve, they can learn a great deal and, in turn, help worthy causes achieve goals that would have never been possible."
“Chase Community Giving Kicks Off Summer 2010 Program.” JPMorgan Chase Press Release 6/09/10.
A nonprofit 501(c)3 organization, the RCWE’s mission is to connect people with jobs through collaborative workforce development efforts and strong partnerships with economic development, business, education, and government sectors in the Northwest Pennsylvania region.
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