JPMorgan Chase Commits $100,000 to Washington D.C. Food Banks

JPMorgan Chase is providing $50,000 to both the Capital Area Food Bank and the D.C. Central Kitchen as the COVID-19 pandemic increases demand for meals and other services by local families hit hard by this crisis. In total, the firm is committing $300,000 in new philanthropic support to food banks in Wilmington, Delaware; Washington, D.C.; and Oakland, California.

This builds on commitments JPMorgan Chase made earlier this year to provide immediate healthcare, food and other humanitarian relief globally. Recent research found that substantially more people – a total of over 50 million, including 17 million children – in the U.S. could be food insecure due to the impact of the COVID-19 pandemic.

“Food insecurity is something that plagues millions of U.S. households, and no human deserves to go hungry,” said Matthew Beardall, JPMorgan Chase Mid-Atlantic Market Leader. “JPMorgan Chase is proud to be able to help our neighbors that need it the most. Our investment to DC Central Kitchen and Capital Area Food bank will not just feed hungry mouths, but assist in combating poverty through job training and other educational programs.”

The D.C. Central Kitchen will use this funding to help provide fresh, nutritious groceries to 10,000 children, adults, and seniors struggling with food insecurity, while the donation to the Capital Area Food Bank will help provide food for 100,000 healthy meals.

This philanthropic support “couldn’t come at a more critical time,” according to the Capital Area Food Bank. Food insecurity has increased by 50 percent in the Greater Washington region – now affecting up to 600,000 people – due to the pandemic’s economic impacts, with many of these individuals experiencing hunger for the first time in their lives.

In past years, the firm has made contributions to the Presidential Inaugural Committee when a President and Vice President are sworn into office. This year, given the hardships facing communities and the demand on food banks, the firm has decided to instead make a contribution to area food banks as part of its continued commitment to Greater Washington and other communities and to help those impacted by the pandemic.

Making local commitments like this will help provide immediate relief and address the long term impact of COVID-19 on the economy and the communities the firm serves.