December 10, 2009 | Read Time: 1 minute
The charitable-giving arm of JPMorgan Chase plans to donate $5-million to small and local nonprofit organizations chosen through the Facebook social-networking site.
Through December 11, visitors to the site can vote for charities with operating budgets of $10-million or less that work in the areas of education, health care, housing, the environment, hunger, arts and culture, human services, and animal welfare.
The 100 groups that receive the most votes will each receive $25,000. To compete for the grand prize, they will then have to submit a proposal describing how they would use the money.
The charity that receives the most votes in the second round, January 15-22, will receive $1-million. The five organizations with the next-highest vote tallies will receive $100,000 each.
In addition, an advisory board assembled for the competition will allocate a total of $1-million to its picks from the nominated charities.
To get there: Go to http://facebook.com/chasecommunitygiving.
