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JPMorgan Chase Donates Technology To KIPP NYC

Stocks in this article: JPM

Continuing its efforts to improve educational opportunities and its support of KIPP (Knowledge is Power Program), JPMorgan Chase (NYSE:JPM) today donated computer hardware estimated to be worth more than $500,000 to KIPP New York, Inc. (KIPP NYC). The donated hardware – three racks of servers and storage – will become a core part of the elementary, middle and high schools' technology infrastructure network and dramatically improve their ability to fulfill and expand their curricula. As KIPP NYC grows into an established, scalable network that sets the pace for high-quality public charter education, the organization will require a parallel evolution of its technology infrastructure. The donation from JPMorgan Chase will catalyze that technology evolution.

The donated hardware will support a wide range of KIPP’s programmatic and operational needs. In the near term, the hardware will increase efficiencies for the teachers and administrators at KIPP NYC's nine schools, and expand and centralize data storage capabilities, as well as support more robust backups and disaster recovery protocols. Over the long term, the hardware will enable KIPP NYC to offer more classes to students in new disciplines, such as video production and editing.

"This donation to KIPP continues our commitment to supporting education and doing our part to help strengthen our communities," said Guy Chiarello, Chief Information Officer, JPMorgan Chase & Co. "This new hardware will not only enable KIPP to continue to provide quality education to students in New York City, but it will bring new classes to the curriculum. We are pleased to make this contribution to KIPP."

"This donation has the potential to address the schools' disaster and business recovery needs, improve file storage and help move along educational solutions the schools are working on, said Ed Laux, Managing Director for Technology at KIPP. "We have limited resources internally — we're focused on the children. But through this unique relationship that we've developed with JPMorgan Chase, they've become an extension of our team. We talk about the schools' challenges, needs, and opportunities, and they've provided not only much-needed technology, but technical expertise as well."

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