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JPMorgan Chase Donates $300,000 for Disaster Aid in Asia

Submitted by: JPMorgan Chase & Co.

Categories: Philanthropy & Corporate Contributions

Posted: May 20, 2008 – 03:16 PM EST


Firm Gives $100,000 to CARE International in Myanmar, $200,000 to the American Red Cross in China

May 20 /CSRwire/ - New York, NY - May 20, 2008 - JPMorgan Chase announced today that it will donate $300,000 and match employee contributions up to $100,000 to international organizations assisting victims of the earthquake in China and cyclone in Myanmar. The funds will provide relief and recovery programs to survivors and their communities.

"Our thoughts and prayers are with the millions of people affected by these disasters," said Gaby Abdelnour, Chairman and CEO of JPMorgan in the Asia Pacific. "Our first priority is to assist in immediate humanitarian relief efforts and to identify ways of assisting in the longer term to help people rebuild their lives and communities."


JPMorgan Chase donated $100,000 to CARE International for Myanmar to leverage the organization's experience in the region and its well established infrastructure there. For the last 14 years, CARE has been operating food and public health programs, with about 500 people on the ground before the cyclone.

JPMorgan Chase employees around the globe can direct donations through CARE's websites.


The company will donate $200,000 for immediate relief to the American Red Cross in China, where relief workers and volunteers are distributing food, water, tents and other supplies to people in the affected areas of Sichuan Province.

Firm employees around the globe can direct donations through American Red Cross's website.

Soon after the earthquake, JPMorgan employees in the Asia began contributing to aid the victims. The company and employees contributed more than $400,000 to a local non-profit, the China Foundation for Poverty Alleviation, for needed food, water and supplies.

JPMorgan Chase has been a partner with communities around the globe in their rebuilding efforts following natural disasters.

About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.6 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. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. JPMorgan Chase is committed to investing in education, economic opportunity, development and environmental programs that enable people and communities to thrive. Information about the firm is available at www.jpmorganchase.com.

For more information, please contact:

Darlene Taylor JPMorgan Chase
Phone: 212 270 7433

For more from this organization:

JPMorgan Chase & Co.


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