Chase Invests $100,000 in Summer Advantage USA

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Chase grant allows 2,000 Indianapolis students to engage in Summer Advantage USA's summer learning and fitness programs

The JPMorgan Chase Foundation has donated $100,000 to Summer Advantage USA to engage more than 2,000 Indianapolis Public School students in learning and physical fitness programs this summer.

Local Chase employees will volunteer weekly to help the students – called “scholars” – with community projects.

“We invest in local programs that provide high-quality educational opportunities to students in kindergarten through high school,” said Dennis Bassett, chairman of Chase in Indiana. “Summer Advantage USA also allows our employees to become involved with the youngsters.”

“We are honored that Chase has invested in Summer Advantage USA. Our children will benefit so much from Chase’s efforts,” said Earl Martin Phalen, Founder of Summer Advantage USA.

Recognized by the White House initiative United We Serve, BET, and TIME Magazine, Summer Advantage USA is one of the nation’s few evidence-based summer learning programs.

State test scores for third-graders in Indiana increased nearly 16 points in language arts and 12 points in math. Superintendent of Decatur Township Don Stinson said, "Those are real numbers and Summer Advantage is a huge part of that improvement."

For more information on the reading crisis and impact of summer learning, contact:
Earl Martin Phalen at (617) 818-1959.

Summer Advantage USA - Recognized by the White House initiative United We Serve and Time Magazine, Summer Advantage USA is one of the nation’s few evidence based summer learning programs. In 2011 the programs will engage close to 10,000 students in learning and physical fitness. Enrollment in Summer Advantage USA makes a 5 month difference in learning achievements for students. http://www.summeradvantage.org

Chase - Chase serves Indiana through 196 branches and nearly 3,000 employees. 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 $2.1 trillion and operations in more than 60 countries. Chase serves consumers and small businesses through 5,200 bank branches, 16,000 ATMs, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships and schools and universities. Chase also has 90 million credit cards issued. More information about Chase is available at http://www.chase.com.

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