J.P. Morgan Donates Up to $2 Million to Organizations Following Charlottesville
August 21 2017 - 11:15AM
Dow Jones News
By Emily Glazer
J.P. Morgan Chase & Co. is planning up to $2 million in
donations to human and civil-rights organizations following the
recent clashes in Charlottesville, Va.
The largest U.S. bank by assets will donate $1 million split
between the Southern Poverty Law Center and Anti-Defamation League
"to further their work in tracking, exposing and fighting hate
groups and other extremist organizations," according to an internal
bank memo sent Monday that was reviewed by The Wall Street
Journal.
This follows bank chief Jamie Dimon saying in an employee memo
last week that he "strongly" disagreed with President Donald
Trump's reaction to Charlottesville, and personally supported the
disbanding of the president's strategic and policy council that he
was a member of.
"It is a leader's role, in business or government, to bring
people together, not tear them apart," Mr. Dimon wrote in the
internal memo sent Aug. 16, the day the strategic council
disbanded.
J.P. Morgan said in Monday's memo that beginning in September,
it will match employees' donations to a range of human and
civil-rights organizations two-for-one, given their response to be
involved. The bank will donate up to an additional $1 million,
according to the memo, sent by Peter Scher, the bank's chairman of
the D.C. region and corporate responsibility head.
J.P. Morgan will also give $50,000 to support the work of the
Charlottesville Area Community Foundation for its immediate and
longer-term reconciliation efforts.
"The events in Charlottesville have increased the urgency to
confront hate, intolerance and discrimination wherever it exists,"
the bank said, according to Monday's memo.
Write to Emily Glazer at emily.glazer@wsj.com
(END) Dow Jones Newswires
August 21, 2017 11:00 ET (15:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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