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Chase Donates $50,000 Grant to Delaware Financial Literacy Institute, Funding Programs for Delaware's Youth

Submitted by: JPMorgan Chase & Co.

Categories: Philanthropy & Corporate Contributions

Posted: Mar 15, 2007 – 08:40 AM EST

 

Additional Grant Follows $30,000 Donation to Delaware Financial Literacy Institute by the JPMorgan Chase Foundation

WILMINGTON, Del.--(BUSINESS WIRE)--March 15, 2007--Chase Card Services, the credit card division of JPMorgan Chase & Co. (NYSE:JPM), is today awarding a $50,000 grant to the Delaware Financial Literacy Institute at an event including Delaware State Treasurer Jack Markell, Institute founder and president of the Board of Directors. The $50,000 grant is preceded by a $30,000 grant recently given to the Delaware Financial Literacy Institute by the JPMorgan Chase Foundation.

The check presentation event and media photo opportunity will be held at 9:30 a.m. today at the University & Whist Club, 805 N. Broom St., Wilmington, DE, in the Rodney Room. Bonnie Wu, New Castle County director for the Office of U.S. Senator Tom Carper, also will be in attendance. Senator Carper was on the founding board for the Delaware Financial Literacy Institute and currently serves on the Advisory Council.

The $50,000 grant is part of an overall $1.3 million Chase is donating per year for three years to multiple organizations across the United States through its new Financial Literacy Grant Program. The grants are being awarded as those around the country prepare for National Financial Literacy Month taking place in April.

The $30,000 and $50,000 donations from Chase will fund two financial literacy programs for Delaware's youth. Chase is awarding the $50,000 grant to the Delaware Financial Literacy Institute through its Financial Literacy Grant Program to create a new financial literacy program for high school students. The $30,000 grant from the JPMorgan Chase Foundation announced recently will fund a week-long entrepreneurship camp - called "Chasing the Dream" - to teach middle school students about how to launch and manage their own businesses. The Delaware Financial Literacy Institute will also host a training program for adults focused on starting entrepreneurship camps at their schools or community centers as a part of this program.

Chase has a history of funding programs to increase financial literacy in Delaware through the Delaware Financial Literacy Institute. In 2005, Chase began funding Money Talk$, the Institute's quarterly newsletter that provides lesson plans for parents and teachers on a wide range of financial topics. The JPMorgan Chase Foundation continued its support in 2006 with a $36,000 grant to help fund the Delaware Financial Literacy Institute's Entrepreneurship Summer Camp and to support the Money Talk$ Newsletter. The purpose of the newsletter is to stimulate dialogue about finances, especially with teachers, by providing activities in the schools to cover financial education topics.

"We're thrilled to partner with Chase to bring these important financial education programs to our local youth," said Ronni Cohen, executive director, Delaware Financial Literacy Institute. "Chase's contribution will help make a real difference in promoting financial responsibility among young people."

"Chase has a long-standing commitment to help consumers with financial planning and education," said Jeff Courtney, senior vice president, Customer Support Division, Chase Card Services. "Our Financial Literacy Grant Program is designed to make a positive impact with youth to encourage a lifetime of financial health."

Chase's Financial Literacy Grant Program is in its second year. Chase provided $1.3 million in funding in 2006, which is followed by $1.3 million in funding this year and an additional $1.3 million in 2008. The new nationwide program is part of Chase's multi-million dollar commitment to supporting financial literacy for people of all ages.

The Delaware Financial Literacy Institute

Founded in 2000, the Delaware Financial Literacy Institute promotes financial education through the Delaware Money School and its conferences. The organization's mission is to help individuals, especially those of low and moderate income, learn the financial tools necessary to get their financial lives in order so that they can be self-sufficient and enjoy financial well-being over time.

Additional information about Chase and its financial literacy resources can be found at www.chase.com.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. The company has more than 140 million credit cards issued. Under the Chase and JPMorgan brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.


Copyright Business Wire 2007

For more information, please contact:

Tanya Madison Chase Card Services
Phone: 302-282-5547

For more from this organization:

JPMorgan Chase & Co.

 

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