JPMorgan to donate $2 mn to fight racism in US

Reported by: |Updated: August 22, 2017

JPMorgan Chase will contribute up to $2 million to fight racism and support human rights. The US bank has taken the decision in the light of a white nationalist rally in Charlottesville, Virginia, that led to violence and the death of a protester. The sum includes $500,000 each to the Southern Poverty Law Center and the Anti-Defamation League to further their work in tracking, exposing and fighting hate groups and other extremist organizations. As much as $1 million more will be contributed in two-for-one matches of donations by employees to a wide range of human and civil rights organizations, the bank said in a statement. The bank is also contributing $50,000 to the Charlottesville Area Community Foundation. The racial disturbances in Charlottesville was followed by intense political controversy over remarks by president Donald Trump. The bank’s CEO Jamie Dimon had said he strongly disagreed with Trump as he and other CEOs moved to disband an advisory panel to the president.