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Chase gives $25,000 for scholarships for miners' children.

Also donates $7,500 to Red Cross for mental health services

CHARLESTON, W. Va. -- The JPMorgan Chase Foundation has pledged $25,000 for scholarships for children and grandchildren of West Virginia coal miners.

The West Virginia Independent Colleges and Universities scholarship fund was established in 2006 in response to coal mining accidents.

"The education of our children is vital for the future economic success of our state," said Mark Prince, CEO of JPMorgan Chase in West Virginia. "We at JPMorgan Chase are committed to improving educational opportunities, and WVICU is a great partner in that goal."

Chase also contributed $7,500 to the Central West Virginia Chapter of the American Red Cross to help pay for mental health support services for families affected by the recent Upper Big Branch Mine disaster. The funds will also help coordinate similar services for future disasters in the state.

"We offer our prayers and support for the families and the communities affected by this tragedy," Prince said. "We want to help now with counseling through the Red Cross and to help fund education for children, who are the future of our state."

Chase serves West Virginia though 31 branches and 350 employees. For more information about JPMorgan Chase corporate philanthropy, visit www.jpmorganchase.com/giving.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and 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.
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Publication:Business Wire
Date:Apr 23, 2010
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