Tulsa World: Chase using Facebook to find small charities

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Chase using Facebook to find small charities

By AP Wire Services
Published: 11/29/2009 2:27 AM
Last Modified: 11/29/2009 9:53 AM

NEW YORK (AP) — JP- Morgan Chase is letting Facebook users help decide how to give away $5 million.

The idea is to get small, local charities on Chase's radar — ones that don't have the operating budget to go around asking for grants but do a lot of good work in their communities.

The "Chase Community Giving" program will let Facebook users choose from more than half a million charities that have operating budgets of less than $10 million.

The 100 charities getting the most votes by Dec. 11 will each receive $25,000 from Chase.

In the program's second round, one of the 100 will get a grant of $1 million, determined by a Facebook vote that begins Jan. 15. Five runners-up will receive $100,000 each.

In addition, an advisory board will award $1 million to nominated charities of its choice.

JPMorgan Chase & Co. donates about $100 million a year to nonprofit organizations, mostly higher-profile, larger ones such as the American Museum of Natural History in New York. The $5 million is on top of that, and Chase expects the amount to increase if this program is successful. By AP Wire Services

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