Wednesday, November 18, 2009

Crowdsourcing: Facebook users can help Chase find small charities

NEW YORK — JPMorgan Chase is letting Facebook users help decide how to give away $5 million.

The idea is to get small, local charities on Chase's radar — ones that don't have the operating budget to go around asking for grants but do a lot of good work in their communities.

The "Chase Community Giving" program will let Facebook users choose from more than half a million charities that have an operating budget of less than $10 million apiece. Examples include the Children's Diabetes Foundation in Denver, the East Bay Habitat for Humanity in Oakland, Calif., and the Montana Connection For Afghan Women in Bozeman, Mont.

The Chase program is not the first time a company has asked Facebook users to vote on its charitable dollars. But it is the first time that they can nominate charities that the giver likely hasn't even heard of.

"We are moving from a centralized way of philanthropic giving to the wisdom of friends," said Elliot Schrage, Facebook's vice president of communications.

The 100 charities getting the most votes by Dec. 11 will each receive $25,000 from Chase.
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Kimberly Davis, senior vice president, Global Philanthropy and president of the JPMorgan
Chase Foundation

Chase Community Giving $5,000,000
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