Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis

JPMorgan said it will to donate $50 million to groups and organizations that provide support and supplies to people affected by the coronavirus all over the world, according to a report by Reuters. The first $15 million will go to groups directly dealing with how the virus is affecting people directly, with $5 million to institutions that handle community development, to dole out low- or no-interest loans. The bank has earmarked $3 million to international groups that provide the same service. The bank plans to donate $2 million to the COVID-19 Solidarity Response Fund run by the United Nations and the World Health Organization (WHO). It will also give $1 million each to Feeding America, GlobalGiving Foundation and the China Foundation for Poverty Alleviation. There will be $2 million going to nonprofits, and $35 million to “medium-to-long term challenges communities are likely to face as the COVID-19 crisis continues to unfold.”