FOR IMMEDIATE RELEASE
March 12, 2012
AARP Media Relations
Chase Card Services
Chase Joins AARP and Jeff Gordon in NASCAR Sponsorship to Fight Older Adult Hunger
AARP® Visa® Card from Chase continues to donate money from each purchase made and account opened to support Drive to End Hunger, benefitting hunger solutions of AARP Foundation
WILMINGTON, Del. – March 12, 2012 – Chase Card Services, a division of JPMorgan Chase & Co. [NYSE: JPM], today renewed its commitment to eliminating older adult hunger in America, working with AARP and AARP Foundation on Drive to End Hunger; and a series of pass through sponsorships of four-time NASCAR Cup Series Champion Jeff Gordon and the No. 24 Drive to End Hunger Chevrolet for Hendrick Motorsports.
This year, Chase will sponsor the No. 24 Drive to End Hunger Chevrolet for five 2012 NASCAR Sprint Cup Series races throughout the country. Beginning mid-March, the AARP® Visa® Card from Chase logo will appear on the No. 24 Drive to End Hunger Chevrolet in support of Drive to End Hunger at the following races:
* Bristol Motor Speedway (March 18);
* Charlotte Motor Speedway (May 27);
* Indianapolis Motor Speedway (July 29);
* Richmond International Raceway (Sept. 8); and
* Dover International Speedway (Sept. 30).
In addition to the five-race sponsorship, Chase will again donate $0.03 for each purchase made with the AARP Visa Card from Chase, as well as $1 for each new account opened – up to $2 million in 2012 – to AARP Foundation for Drive to End Hunger. Through this same approach in 2011, Chase contributed nearly $2 million, equivalent to an estimated 750,000 meals for older Americans in need, to AARP Foundation for Drive to End Hunger. Chase also sponsored Jeff Gordon’s No. 24 Drive to End Hunger Chevrolet in two NASCAR Sprint Cup Series races at Richmond, Va., and Dover, Del., in 2011.
“We’re excited to continue supporting AARP Foundation through Drive to End Hunger and we are looking forward to having a greater presence through Jeff Gordon and the sponsorship of the No. 24 Drive to End Hunger Chevrolet,” said Ralph Pinto, senior director, Chase Card Services. “One in 11 older Americans is at risk of hunger and Chase is encouraged by the response from cardmembers who want to help address this problem.”
Since AARP and AARP Foundation launched Drive to End Hunger in 2011, the initiative has donated more than 5.8 million meals and driven corporate and individual donor commitments with an expected value of $15.6 million.
“Our work with Chase is very important to AARP Foundation and to the many older Americans who don’t know where their next meal will come from,” said Jo Ann Jenkins, president, AARP Foundation. “Today, nearly 9 million older Americans are threatened by hunger so we appreciate the generosity of Chase, individual donors and the entire NASCAR community.”
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves consumers and small businesses through 5,200 bank branches, 16,200 ATMs, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships and schools and universities. Chase also has issued more than 90 million credit cards. More information about Chase is available at www.chase.com.
About AARP Foundation
AARP Foundation is working to win back opportunity for struggling Americans 50+ by being a force for change on the most serious issues they face today: housing, hunger, income and isolation. By coordinating responses to these issues on all four fronts at once, and supporting them with vigorous legal advocacy, the Foundation serves the unique needs of those 50+ while working with local organizations nationwide to reach more people and make resources go further. AARP Foundation is a charitable affiliate of AARP. Learn more at www.aarpfoundation.org.