JPMorgan Chase And Good360 Announce Tech Warehouse Program

Second graph, second sentence of the release should read: Since 2009, we’ve been able to redeploy almost 30 percent of the desktops, laptops, monitors and printers collected – avoiding costs and reducing our environmental impact.

The corrected release reads:

JPMORGAN CHASE AND GOOD360 ANNOUNCE TECH WAREHOUSE PROGRAM

Leading Global Financial Services Firm Teams Up With Nonprofit Leader in Product Philanthropy

Today, in conjunction with Earth Day, JPMorgan Chase (NYSE: JPM) and Good360 announced the launch of Tech Warehouse, a JPMorgan Chase Technology for Social Good program that will assist nonprofit organizations and schools with contributions of the firm's refurbished technology to enhance communities, improve individual productivity and address zero waste initiatives. This innovative program leverages the benefits of sustainable management of resources at their end of life in order to make a positive impact on the world.

“JPMorgan Chase is committed to funding impactful programs that make a meaningful difference in the communities where we work and live,” said Guy Chiarello, Chief Information Officer, JPMorgan Chase. “Since 2009, we’ve been able to redeploy almost 30 percent of the desktops, laptops, monitors and printers collected – avoiding costs and reducing our environmental impact. We are proud to develop Tech Warehouse with Good360 as a way to continue our work toward preserving the environment while providing useful technology for those in need.”

“Our new donation marketplace provides a great platform to distribute these highly desirable computers that would otherwise go to a landfill,” said Ellie Hollander, Chief Strategy Officer & EVP for Business Development at Good360. “Good360 is committed to creating corporate, nonprofit and environmental win-win outcomes for excess technology and we’re thrilled to be working with JPMorgan Chase on Tech Warehouse.”

Under the new partnership, JPMorgan Chase will replace hard drives in more than 3,000 of its computers and connect with Good360’s network of over 27,000 qualified charities through the world’s largest online product donation marketplace. Under this pilot program, these clean and tested refurbished computers equipped with basic peripherals and OS software will be made available to nonprofits over the next year. Qualified nonprofits will be permitted to acquire up to 15 products annually and five per quarter. Donations must be used for the primary purpose of serving the ill, needy or youth and cannot be resold, auctioned, traded, bartered or cross international borders. Charities will be asked to pay $65 to cover shipping and handling fees, and the program will also require recipients to properly recycle the computers when they reach their end of life.

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