JPMorgan Pledges $2 Million to Anti-Hate Groups in Charlottesville's Aftermath

Paterniano Del Favero
Agosto 21, 2017

Apple's CEO Tim Cook announced Thursday that the company would donate $1 million a piece to both the SPLC and ADL.

JPMorgan Chase & Co said on Monday it will contribute up to $2 million to fight racism and support human rights in light of a white nationalist rally in Charlottesville, Virginia, that led to violence and the death of a protester.

"The events in Charlottesville have increased the urgency to confront hate, intolerance and discrimination wherever it exists", Peter Scher, the firm's head of corporate responsibility, wrote in the memo. He is also the bank's face in Washington, D.C., as chairman of that region.

The largest US lender plans to split $1 million between the Southern Poverty Law Center, formed in the 1960s to fight injustice against black Americans, and the Anti-Defamation League, founded five decades earlier to combat anti-Semitism, according to an employee memo obtained by TheStreet.

JPMorgan said it has previously given to both groups, which the bank praised for "tracking, exposing and fighting hate groups and other extremist organizations across the country". 21st Century Fox CEO James Murdoch, the son of Rupert Murdoch, also pledged $1 million to the ADL.

The New York-based bank will also begin matching employee donations to human rights organizations for as much as an additional $1 million, he said.

President Donald Trump faced an onslaught of negative press and attacks from congressional Republicans last week, who said the president did not do enough to specifically call out the perpetrators of the violence in Charlottesville. Two business councils advising the administration, made up of CEOs and others, disbanded last week as a wave of CEOs quit. "I strongly disagree with President Trump's reaction..."

JPMorgan says its foundation has a tradition of donating money after natural disasters or events that affect communities where it has operations. Previous year it donated $300,000 to Orlando, Florida, for recovery efforts after a deadly nightclub shooting, and it matched employee gifts up to another $200,000.

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