12.02.2008 15:42:00
|
David Robinson, Chase Invest Sweat, Equity to Rebuild New Orleans One House at a Time
Known for his leadership on the basketball court and in the community,
David Robinson is teaming up with Chase to improve communities, starting
with the building of two Habitat for Humanity houses in New Orleans. The
build will take place Friday as part of the NBA Cares All-Star Day of
Service.
The homes also lay the foundation for future collaboration between
JPMorgan Chase -- known for both its Chase and JPMorgan brands -- and
Robinson through his soon-to-be-formed Admiral Capital Group.
A crew that will include Robinson, 60 Chase employees and other NBA
volunteers will work on the two houses, with the bank and Robinson
footing the $170,000 construction costs. The homes build on Chase’s
commitment to the Central City neighborhood, where the bank has
concentrated much of its philanthropic efforts in New Orleans.
"Throughout my career, I’ve
seen how much the NBA family has done for the community, and I am
honored to participate in projects that help the people of New Orleans
rebuild their lives, " Robinson said. "I
am also honored to have a partner like Chase, which has demonstrated a
tremendous commitment to supporting communities and people in need. We
want to show the people of New Orleans that we haven’t
forgotten about them.”
During Friday’s NBA Cares All-Star Day of
Service, more than 2,500 members of the NBA Family -- including current
and former players, business and media partners, and guests -- will roll
up their sleeves and participate in a variety of service projects
throughout the city.
"This Habitat project will create new homes
for two families, who will be working side by side with us on the site,”
said Kim Davis, president of the JPMorgan Chase Foundation. "It
also launches a promising new partnership between David and Chase.
Taking a leadership position in collaborations of this type and caliber
is part of our mission of corporate responsibility.”
Robinson is partnering with Daniel Bassichis, a fellow board member of
The Carver Academy and formerly of Goldman Sachs, to form the private
equity firm Admiral Capital Group. Admiral’s
founders and JPMorgan Chase share the belief that giving back is
integral to success in business.
"It’s a privilege
to be working with JPMorgan Chase for such a worthy cause,”
Bassichis said. "David and I look forward to
working closely with JPMorgan Chase and other major organizations to
expand our positive impact on communities.”
Robinson’s most significant community
achievement was the founding of The Carver Academy (www.thecarveracademy.org)
in 2001. With his wife, Valerie, Robinson has committed more than $11
million, one of the largest contributions ever by a professional
athlete. An inner-city San Antonio school, The Carver Academy serves a
socio-economically and culturally diverse mix of students from
pre-kindergarten through sixth grade.
Robinson, a graduate of the U.S. Naval Academy, served in the U.S. Navy
prior to this NBA career, earning him the nickname "The
Admiral.” Robinson played in 10 All-Star
games and won NBA championships with the San Antonio Spurs in 1999 and
2003.
In recognition of Robinson’s outstanding
civic contributions, the NBA renamed its award for outstanding
charitable efforts. Each month, the NBA's Community Assist Award
recognizes a player’s charitable efforts with
the David Robinson Plaque, which is inscribed: "Following the standard
set by NBA Legend David Robinson, who improved the community piece by
piece."
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
firm with assets of $1.6 trillion and operations in more than 50
countries. The firm is a leader in investment banking, financial
services for consumers, small business and commercial banking, financial
transaction processing, asset management, and private equity. A
component of the Dow Jones Industrial Average, JPMorgan Chase serves
millions of consumers in the United States and many of the world’s
most prominent corporate, institutional and government clients under its
JPMorgan and Chase brands. JPMorgan Chase is committed to investing in
education, economic opportunity, development and environmental programs
that enable people and communities to thrive. Information about the firm
is available at www.jpmorganchase.com.
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