The banking giant JPMorgan Chase is pledging $5-million in employee and company contributions to relief and recovery efforts in Japan, says the Dayton Business Journal.
The bank's Japan branch has already donated $1.1-million, and the company said it would match $1-million in employee donations to the American Red Cross and World Vision, the paper reports. Additional contributions will be given to other charities assisting in relief efforts. The bank is also creating a way for its credit-card customers to make donations through its Ultimate Rewards program.
Other companies are also stepping up with donations to relief efforts in Japan. The heavy-equipment manufacturer Caterpillar, through its charitable foundation, will give $1-million to the Red Cross and will match $500,000 in employee donations to the charity, reports The Wall Street Journal. The company's unit in Japan is also donating $1-million in construction equipment to help in the wake of the earthquake and tsunami, the paper reports.
And two Japanese pitchers with the Boston Red Sox are leading an effort by that team to encourage donations for Japan by the team and its fans, says The Boston Globe. All donations made to the team's foundation will be passed on to the Red Cross for relief efforts in Japan, and the team has already committed $50,000. Pitchers Daisuke Matsuzaka, Hideki Okajima, Junichi Tazawa, and Itsuki Shoda have also each made personal donations, the paper reports.