Chase announced today it is joining HBO and Starbucks Coffee Company (NASDAQ: SBUX) as a presenting sponsor of THE CONCERT FOR VALOR (www.theconcertforvalor.com), a first-of-its-kind concert to honor the courage and sacrifice of America's veterans and their families on the National Mall in Washington, D.C., to be presented live on HBO this Veterans Day, Tuesday, Nov. 11 (7:00 p.m. ET/4:00 p.m. PT).
The concert will feature a broad array of talent from the worlds of music and entertainment, including Eminem,
Jamie Foxx,
Dave Grohl, Metallica,
John Oliver, Rihanna,
Bruce Springsteen,
Carrie Underwood and
Zac Brown Band, as well as special appearances by
Meryl Streep,
Tom Hanks and
Steven Spielberg, among many others.
"Our firm has a long history of honoring our country's military and veterans and it is a tremendous opportunity for all of us at Chase to be a part of this powerful event to support our service men and women," said Jamie Dimon, JPMorgan Chase & Co. Chairman and CEO. "As a company, we aim to serve members of our armed forces with the respect and special benefits they deserve - especially during the challenging time when they transition out of the military. This event is a small way to thank our veterans, as well as a way to ensure that we also continue to recognize the sacrifice and hardships they have endured to protect our nation and our freedoms."
THE CONCERT FOR VALOR will provide a national stage for ensuring that veterans and their families know that their fellow Americans' gratitude is genuine.
Millions of people, including veterans, active duty servicemembers, their families and Americans from all walks of life are expected to watch the free concert in person or on television, with the goal of raising awareness for veterans service organizations dedicated to education, wellness, reemployment and reintegration. The event will be presented from the National Mall between the
Capitol and the
Washington Monument, and
HBO will offer its affiliates the opportunity to open the signal, allowing nonsubscribers to view the special. Former U.S. Secretary of Defense and Starbucks board member Robert Gates and former Chairman of the U.S. Joint Chiefs of Staff Admiral Michael Mullen are serving in an advisory capacity with regard to veterans outreach and veteran service organizations that will be recipients of concert donations. Throughout the concert, viewers will learn of sacrifices veterans have made, the bravery and leadership they demonstrate, and the huge economic benefit and opportunity that transitioning veterans bring to American communities and companies. These stories of valor are told in "For Love of Country," a new book co-authored by Howard Schultz and Rajiv Chandrasekaran of The
Washington Post, published by Knopf and available nationwide on November 4. The authors will donate proceeds from the sale of the book to veterans service organizations. You can learn more about the book here.
THE CONCERT FOR VALOR builds upon the firm's longstanding commitment to veterans. JPMorgan Chase will provide $20 million to organizations that support military veterans and their families over the next five years, building on the $25 million the firm has already provided to organizations supporting the military and veteran communities since 2011. These funds will be focused in areas such as employment, education, and housing which are designed to help veterans and their families succeed after their service has ended. In 2011, JPMorgan Chase partnered with 10 other companies to launch the 100,000 Jobs Mission, which has hired a total of 161,752 U.S. military veterans through the second quarter of 2014. In addition, the coalition has grown from 11 founding members to 176 companies that represent almost every industry in the American economy. JPMorgan Chase has hired nearly 7,800 veterans since 2011. Through its nonprofit partners, the bank has awarded more than 700 mortgage-free homes to deserving military families, including over 100 as part of a partnership between Chase, Operation Homefront and country superstar Tim McGraw.
About HBO
Home Box Office, Inc. is the premium television programming subsidiary of Time Warner Inc. and the world's most successful pay TV service, providing the two television services - HBO(R) and Cinemax(R) - to approximately 127 million subscribers worldwide. The services offer the most popular subscription video-on-demand products,
HBO On Demand(R) and
CineMax On Demand(R) as well as
HBO GO(R) and MAX GO(R), HD feeds and multiplex channels. Internationally,
HBO branded television networks, along with the subscription video-on-demand products
HBO On Demand and
HBO GO, bring
HBO services to over 70 countries.
HBO and
CineMax programming is sold into over 150 countries worldwide.
About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com. For more information on this news release, contact us.
About Chase
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 $2.5 trillion and operations in more than 60 countries. Chase serves more than 70 million consumers and small businesses through more than 5,600 bank branches, 20,000 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com, @Chase and Chase Facebook.
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