I received a notification that a small business I have dealt with had applied for support under the Mission: Small Business program run by Chase and Living Social (and they have produced a credit card together also). The deadline to vote is tomorrow, but in order to vote for a business to receive a grant you need to have a facebook account, which I don’t have (JP Morgan was one of the underwriters of the facebook ipo).
We also continued our support of communities. We raised $68 billion for not-for-profits and public services. And we hired more than 3,000 military veterans as a proud founding member of the 100,000 Jobs Mission.
The amount of money donated is smaller. The Chairman’s letter states:
In 2011, JPMorgan Chase contributed more than $200 million directly to community organizations and local not-for-profits. Our employees also provided nearly 375,000 hours of volunteer service through our Good Works program in local communities.
That’s considerably less than the billions of dollars of recent derivatives-related losses.