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April 10 2013

JPMorgan Chase Awards Financial Dignity Nonprofit Operation HOPE Grant for Superstorm Sandy Financial Recovery

NEW YORK—April 11, 2013 — Financial dignity leader Operation HOPE (HOPE) today announced a $400,000 contribution from leading financial services firm JPMorgan Chase through the JPMorgan Chase Foundation. The grant will fund HOPE Coalition America, the nonprofit's emergency disaster and preparedness division, and will support Project Restore HOPE: Hurricane Sandy to help families, individuals, and small businesses recover from the devastating effects of the storm. JPMorgan Chase has also committed volunteers to help Sandy survivors access the resources they need to rebuild their lives.

"JPMorgan Chase is an outstanding supporter with an incredible team that truly understands that partnership, collaboration, funding and volunteer people power construct the true model for successful long-term financial recovery for Sandy survivors and HOPE is honored to collaborate with them," said Mary Hagerty Ehrsam, Chief Executive Officer, HOPE New York Market. "Project Restore HOPE, with JPMorgan Chase's support, will empower thousands of families and small businesses in NY and NJ to get back on track financially and stay strong as they recover through economic triage, financial guidance, and long-term planning. HOPE is committed to coordinating every possible resource available to support a full recovery. Working in partnership with government, community, and the private sector, we will help restore hope and rebuild lives."
Survivors will receive guidance and assistance in completing FEMA and insurance claims, deferring payments and negotiating loans, developing recovery budgets, recovering lost documents, and accessing available financial resources. HOPE will also provide continued support for these individuals after their applications have been submitted and provide long-term financial planning assistance as they begin rebuilding their finances. JPMorgan Chase employees will also volunteer their time and expertise to help deliver these services.

“Months after the storm, many people in New York and New Jersey are still coping with damage from Superstorm Sandy, some still unable to move back into their homes," said Peter Scher, Head of Corporate Responsibility, JPMorgan Chase. "At JPMorgan Chase, we recognize the importance of continuing to provide assistance as recovery efforts persist, and are proud to support local nonprofit organizations like Operation HOPE that work every day toward helping our neighbors and rebuilding our communities. We thank Operation HOPE for the work they do."
In Brick, New Jersey, JPMorgan Chase sponsored “A Day of Financial Recovery with Dignity” a Project Restore HOPE driven event to help survivors begin logical financial reconstruction towards their recovery process. More than 22 JPMorgan Chase volunteers participated, helping survivors determine how to defer payments and renegotiate loans, obtain copies of documents, file and resolve insurance claims, complete home inspections, obtain EITC refunds, foreclosure prevention, select and manage a home repair contractor, and more.
In the aftermath of Superstorm Sandy, JPMorgan Chase was one of the first companies to announce that it would offer disaster relief, with up to $5 billion of support for small businesses and $5 million in charitable relief. The firm also organized programs for employees to volunteer in hard-hit communities and help their colleagues through an employee-to-employee fund.  
To date more than 6,000 individuals and small business owners affected by Sandy have been provided services through Project Restore HOPE. Project Restore Hope is one of the programs within Operation Hope's emergency disaster and preparedness division, Hope Coalition America (HCA). Since its creation in 2001, HCA has assisted more than 250,000 individuals and families recover from disaster.  Formed in response to the terrorists attack on the World Trade Center, HCA is a result of a national partnership with the Department of Homeland Security and FEMA; it focuses on pre and post disaster strategies for economic stability.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The firm is a leader in investment banking; financial services for consumers and small businesses, 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 worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. More information is available at www.jpmorganchase.com.
About Operation HOPE, Inc.
With a presence in 273 U.S. cities and South Africa, HOPE has raised more than $1 Billion in its pursuit of educating, assisting and inspiring the next generation of global stakeholders. With the support of more than 400 private sector companies, 5000 nonprofit organizations and schools and 100 government partners, Operation HOPE has provided over 2 million low-wealth individuals with economic education and financial literacy support and empowerment. Taking the lead at making sure our free enterprise system is relevant to all underserved individuals and communities, Operation HOPE has taken on the responsibility of piloting the Silver Rights Movement and ensuring that free enterprise and capitalism work to provide a better future for all. To learn more about HOPE, visit www.operationhope.org.