JPMorgan Chase Donates $2.5 Million To Turnaround For Children, Inc. To Improve Education In New York City’s Schools

The $2.5 million grant was announced last night at Turnaround’s Annual Impact Awards Dinner in New York City, where JPMorgan Chase was being honored for its leadership in education reform.

Over the last six years, JPMorgan Chase has provided nearly $340 million to non-profit organizations and programs across the country focused on education, including $70 million in New York City.

About Turnaround for Children

Turnaround for Children, Inc. (Turnaround) works to transform low-performing, high-poverty public schools to bring about dramatically improved academic and life outcomes for children growing up in poverty. Through work in over 60 high-poverty schools since 2002, Turnaround has developed a model for equipping schools to address recurring and predictable barriers to learning and healthy youth development that arise from the circumstances of poverty. The model is delivered through a methodical, three-year process that instills fundamental instructional and behavioral practices in teachers and administrators, realigns community mental health services, creates permanent student support systems and fosters leadership practices essential for the success of high poverty schools.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations worldwide. The firm is New York City’s largest bank and largest private employer with its global headquarters building located in midtown Manhattan. JPMorgan Chase is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Copyright Business Wire 2010

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