J.P. Morgan Corporate Challenge events raise millions for charity
Jul 18, 2011
Over the last 30 years, the Corporate Challenge has grown from a few hundred participants in New York City to more than 200,000 runners in 13 cities globally. The races, which include runners from thousands of corporations as well as J.P. Morgan employees, provide an ideal teambuilding and networking opportunity for participants and philanthropic benefits for the host city. A portion of entry fees and other sponsorships go to local charities benefiting causes such as the Central Park Conservancy in New York City, the Asian Civilisations Museum and Mainly I Love Kids Fund in Singapore and the LEAP Science and Maths School in Johannesburg.
The J.P. Morgan Corporate Challenge continues to break records in Frankfurt, where 68,454 runners representing 2,742 companies from 330 German cities took part, making it the largest footrace in the world to date in 2011. Contributions to the main beneficiary, the German Sports Aid Foundation, have exceeded €1 million over the last few years.
In addition to funds donated to the local charities, the Investment Bank's global employee engagement and volunteerism program, Team IB, has donated $80,000 to charities selected by employees running in the Corporate Challenge. Through the Team IB Challenge, employees form teams and compete for a chance to win $5,000 for their favorite charities.
Future Corporate Challenge races are scheduled to be held in San Francisco on September 21 and in Sydney on November 9.