JPMorgan Chase & Co will donate up to $200,000 from the firm and its employees to support earthquake relief efforts in Italy, the firm announced today. The grant and employee donations will go to the Italian Red Cross.
Senior country officer for Italy, Guido Nola, said: "J.P. MorganWe stand shoulder to shoulder with the Italian communities that have suffered significant loss of life and devastating damage.
"J.P. Morgan, which has about 160 employees in the country. J.P. Morgan has a 100 year history in Italy, and we are deeply committed to supporting the Italian Red Cross relief efforts in this dramatic moment for the regions hit by the earthquake and the whole country."
In addition to a $100,000 grant, JPMorgan Chase's special employee giving campaign will match employee donations dollar-for-dollar up to $50,000, for a total of up to $100,000, to the Italian Red Cross.