JPMorgan Chase and Employees to Donate up to $200,000 to Aid the American Red Cross Wildfire Relief Efforts in the Western United States
The JPMorgan Chase Foundation is also launching a special employee giving campaign that will match employee donations dollar-for-dollar to help relief efforts. Specifically, the Foundation will match donations made by employees up to \\$100,000 for a total of \\$200,000.
Historic drought conditions have left much of the Western United States vulnerable to such disasters, and the Red Cross has been working to meet the emergency needs of communities affected by the unprecedented intensity of the wildfires. To date, the American Red Cross has spent or made commitments to spend more than \\$2.4 million on emergency response and recovery efforts for the western wildfires.
"Our thoughts are with the families devastated by these fires and we want to act quickly and contribute by helping our communities during this time of need," said JPMorgan Chase Chairman of the Pacific Northwest, Phyllis Campbell. "Our support will allow the American Red Cross to help people recover from these catastrophic disasters."
Providing immediate help as a disaster unfolds calls for immediate action. Funds from JPMorgan Chase will help the American Red Cross with emergency, food, shelter and relief items as well as individual community and recovery assistance.
"The families and communities at the heart of this unprecedented wildfire disaster need our help, they've been hard-hit two summers in a row," said Red Cross Regional CEO Terry Pollard. "It is with partners like JPMorgan Chase and their generosity that Red Cross can meet emergency needs, quickly and efficiently, to the people who need it now."
About JPMorgan Chase & Co.
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.
About the Red Cross
The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies nearly half of the nation's blood; teaches lifesaving skills; provides international humanitarian aid; and supports military members and their families. The Red Cross is a charitable organization - not a government agency - and depends on volunteers and the generosity of the American public to perform its mission. Red Cross volunteers meet one-on-one with people to create recovery plans, navigate paperwork and locate help from other agencies. In some situations, the Red Cross may provide direct financial support to people who need extra help.
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