Chase's charity giving totals $70,000 locally
New York-based JP Morgan Chase and Co. (NYSE: JPM) used Facebook to get input from customers and others to distribute $5 million to 196 charities across the nation as part of the program.
Locally, the Chase Community Giving Program gave $50,000 to the Bikes Belong Foundation in Boulder. The bike group plans to spend the money on a campaign to support better bicycling across the United States and on another campaign to help cities build more bikeways, according to information on its website. More than 8,000 votes were cast online for Bikes Belong, said Mary Jane Rogers, a Chase spokeswoman in Denver.
Engineers Without Borders USA Inc. in Boulder, a program that does volunteer projects in foreign countries, received $10,000, Rogers said. First Nations Development Institute in Longmont, a research, grant-making and lending program that helps Native Americans control economic assets, received $10,000, Rogers said.
Chase customers and employees in June nominated 20,000 charities for the 2012 program. The program was launched online in 2009 and now has 3.8 million fans on Facebook, Rogers said.
Of Chase's 125 locations in Colorado, 15 are in Boulder and Broomfield counties. The bank has assets of $2.3 trillion and operations in more than 60 countries.
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