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JPMorgan Chase is offering $50,000 to each the Capital Space Meals Bank and the D.C. Central Kitchen because the COVID-19 pandemic will increase demand for meals and different companies by native households hit laborious by this disaster. In whole, the agency is committing $300,000 in new philanthropic help to meals banks in Wilmington, Delaware; Washington, D.C.; and Oakland, California.
This builds on commitments JPMorgan Chase made earlier this 12 months to supply speedy healthcare, meals and different humanitarian reduction globally. Latest analysis discovered that considerably extra individuals – a complete of over 50 million, together with 17 million kids – within the U.S. may very well be meals insecure because of the influence of the COVID-19 pandemic.
“Meals insecurity is one thing that plagues thousands and thousands of U.S. households, and no human deserves to go hungry,” mentioned Matthew Beardall, JPMorgan Chase Mid-Atlantic Market Chief. “JPMorgan Chase is proud to have the ability to assist our neighbors that want it probably the most. Our funding to DC Central Kitchen and Capital Space Meals bank is not going to simply feed hungry mouths, however help in combating poverty by job coaching and different academic applications.”
The D.C. Central Kitchen will use this funding to assist present recent, nutritious groceries to 10,000 kids, adults, and seniors scuffling with meals insecurity, whereas the donation to the Capital Space Meals Bank will assist present meals for 100,000 wholesome meals.
This philanthropic help “could not come at a extra vital time,” based on the Capital Space Meals Bank. Meals insecurity has elevated by 50 % within the Larger Washington area – now affecting as much as 600,000 individuals – because of the pandemic’s financial impacts, with many of those people experiencing starvation for the primary time of their lives.
In previous years, the agency has made contributions to the Presidential Inaugural Committee when a President and Vice President are sworn into workplace. This 12 months, given the hardships going through communities and the demand on meals banks, the agency has determined to as an alternative make a contribution to space meals banks as a part of its continued dedication to Larger Washington and different communities and to assist these impacted by the pandemic.
Making native commitments like it will assist present speedy reduction and tackle the long run influence of COVID-19 on the economic system and the communities the agency serves.
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