JPMorgan Chase and Employees to Donate up to $2 Million to Aid Refugee Crisis in Europe
The Foundation provides $1 million to assist four organizations providing humanitarian relief and will match employee donations dollar-for-dollar up to $500,000 for a potential $1 million in additional support
September 14, 2015 (New York) – JPMorgan Chase & Co. today announced up to $2 million in donations from its foundation and employees to provide immediate relief to refugees and help address the humanitarian crisis in Europe. Grants totaling $1 million from the JPMorgan Chase Foundation will support Save the Children, Oxfam, International Rescue Committee and International Medical Corps as they provide vital resources such as food, water, hygienic kits and medical support to those refugees arriving in countries such as Italy, Turkey, Greece and Lebanon.
The JPMorgan Chase Foundation is also launching an employee giving campaign that will match employee donations dollar-for-dollar to these organizations. Specifically, the Foundation will double donations made by employees up to $500,000 for a total of $1 million in additional support.
"Hundreds of thousands of refugees are fleeing their war-torn homelands, desperate for safety and the most basic human needs. Every person deserves to live free of violence and fear and to have access to the resources they need to survive," said Daniel Pinto, head of J.P. Morgan in EMEA and CEO of the Corporate & Investment Bank. "JPMorgan Chase is proud to support Save the Children, Oxfam, International Rescue Committee and International Medical Corps, who are all on the ground responding."
JPMorgan Chase will support organizations working on the frontlines of the crisis to provide humanitarian relief to refugees from Syria and other countries in the region.
- Save the Children is scaling up services within Syria, across the Middle East and in Europe to ensure the needs of refugee children and families on the move are met. Save the Children will ensure there are child-friendly spaces available for children and families and provide critical hygiene, shelter, baby care and other supplies to refugees.
- Oxfam is providing life-saving clean water, sanitation and vital support for families in Syria, Jordan and Lebanon. Oxfam is also helping those arriving in Italy by providing food, clothes, shoes, and personal hygiene kits, as well as long-term psychological and legal support.
- International Rescue Committee will provide crucial access to clean water and clothing, in addition to information on legal rights for refugees who have arrived in Greece.
- International Medical Corps is scaling up services in Greece, Turkey, Hungary and the region to deploy mobile medical teams, provide health care services and distribute urgently needed supplies. This assistance is in addition to International Medical Corps’ long-standing and comprehensive relief programs inside Syria and in Iraq, Jordan, Lebanon and Turkey.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 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.