PROTESTS/RACISM: “J.P. Morgan Chase (JPM, +0.55%) announced Monday [8-21-7] that it will be giving $1 million to nonprofit groups fighting extremism following the deadly white supremacist protest in Charlottesville, Va.
‘The events in Charlottesville have increased the urgency to confront hate, intolerance and discrimination wherever it exists,’ Peter Scher, head of corporate responsibility at J.P. Morgan, wrote in a memo to employees, according to CNN Money.
The U.S.’s biggest bank said that the donation will be split equally between the Southern Poverty Law Center and the Anti-Defamation League (ADL) and is part of efforts to address ‘deep divisions’ in the nation. In addition, the bank will contribute up to $1 million more by matching employee donations, according to Reuters. Separately, $50,000 will go to the Charlottesville Area Community Foundation.
J.P. Morgan has donated to both groups in the past, and the money is to continue ‘tracking, exposing and fighting hate groups and other extremist organizations across the country.’ “
-Kevin Lui, “J.P. Morgan Is Giving $1 Million to Nonprofits Exposing Hate Groups in the Wake of Charlottesville,” Fortune, Aug. 21, 2017