JPMorgan Chase & Co. is donating $530,000 to Detroit nonprofits that put young people to work.
The New York bank's donation will help six local organizations fund job training and writing classes, fill teaching positions, and pay for neighborhood landscaping and cleanup initiatives.
Among the recipients: The Greening of Detroit, where teenagers beautify parks; the Urban Neighborhoods Initiative, which offers six-month job training classes to youths; Teach For America, which places college graduates in troubled schools; and the Mosaic Youth Theatre, which teaches performance art.
JPMorgan Chase upped its charitable endeavors earlier this year when it said it would donate $25 million to a program that lets consumers influence its giving by voting on Facebook.
Other big banks recently announced support for education. Bank of America Corp. this summer gave $1 million for internships for high school students on summer break, and Huntington Bancshares Inc. donates thousands of backpacks to back-to-schoolers every year.
