Facebook, JP Morgan Chase Give $5 Mil to Charity

Cheryl Phillips's picture

Facebook and JP Morgan Chase will be spreading some holiday cheer this year with a joint effort to bring $5 Mil to charities that Facebook users will have the chance to choose. Facebook will now allow its users to donate to any one of over 500,000 local charities of their choosing in a program called Chase Community Giving.

Facebook and JP Morgan Chase are joining forces to help support local charities across the United States. Through a new joint effort with JP Morgan Chase, Facebook will now allow its users to donate to any one of over 500,000 local charities of their choosing.

Facebook users will vote for the charity of their choice with the winner netting $1 million and five runner ups receiving $100,000. 100 finalists will each win $25,000 each.

The program is called Chase Community Giving: You Decide What Matters and you an vote now through December 11. The top 100 charities will be announced on December 15, with another round of voting to commence from January 15 to January 29. The five runners up and $1 million grand prize winner will be announced on February 1.

The details, according to JP Morgan chase, are as follows:

JP Morgan Chase is enlisting Facebook users to vote for which small and local non profits will receive donations totaling $5 million. The eligible charity receiving the most votes will be awarded $1 million, the top five runners-up will receive $100,000 each and the 100 finalists, including the top winners, will be awarded $25,000 each.

Additionally, a special Advisory Board featuring members who are active in philanthropy, including actress Eva Longoria, Do Something founder Nancy Lublin and NBA Hall of Famer David Robinson, will allocate a total of $1 million to the nominated charities of its choice.

“Every year, our company donates more than $100 million to non-profit organizations in local communities, nationally and abroad, and our employees dedicate countless hours of their own time to helping those in need,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. “The grassroots nature of Facebook will allow us to hear directly which local charities matter most to our communities, hopefully creating an even bigger impact.”

Head over to the Facebook page created for Chase Community Giving: You Decide What Matters and make a difference for your favorite charity.

source: JPMorgan Chase, Facebook

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