Continuing our Support for India During New COVID-19 Wave

As India continues to deal with the devastating impact of a second wave of COVID-19 infections, colleagues around the world have reached out to ask how they can help alongside the firm. With this in mind, we wanted to provide an update on our support efforts for employees and the broader community in India, as well as details on how employees can contribute.

Support for India

The key areas of COVID-19 support for our colleagues that we announced last month are progressing well, with the bank committing $3.8 million towards these programs in 2021. Programs that have launched include extended medical insurance; 24x7 ambulance service; partnerships with our clinical service providers and hospitals for hotel and in-home quarantine; doctor-on-call service; and vaccination reimbursement support. We are working hard to increase access to vaccines, subject to availability and government regulations. We also have dedicated help lines for our colleagues in India if they have questions or require assistance. 

We have committed $2.8 million towards immediate India-wide coronavirus relief efforts, such as providing support to the public health system to improve the capacity of small hospitals, enabling them to provide treatment for greater numbers of affected patients. Other contributions will go toward providing food and essential items to low-income communities across India. J.P. Morgan is also a member of the recently announced Global Task Force on Pandemic Response, which is a public-private partnership providing 1,000 ventilators and a further 25,000 oxygen concentrators. 

The pandemic will have long term consequences for many people —​ often those already disadvantaged. This year, J.P. Morgan’s annual $10 million philanthropic commitment to building economic resiliencies for these communities will prioritize recovery and economic resilience efforts across India. This is part of our $32 million ongoing philanthropic commitment to: 

• support microbusinesses, particularly those owned by women; 
• help young people pursue stable and promising career pathways; and
• help support inclusive fintech solutions for the post-crisis environment, ensuring that people in India have access to the financial tools that will help them weather any future crisis.

How you can help

We know many of you want to get involved and show your support, so we have kickstarted a campaign for employees across the world to contribute to select organizations supporting COVID-19 relief efforts in India. For every dollar donated, the firm is matching the contribution 1:1.

On behalf of the firm and our colleagues around the world, our thoughts are with all of our colleagues and their families in India. We would also like to thank them for their focus and dedication as they continue to serve our clients all over the world during a very challenging environment. Thank you for all that you are doing.

Jamie, Dan and Filippo