JPMorgan Chase has partnered with charitable organisation Good360 to create an online marketplace for donating its refurbished technology to non-profit organisations and schools.
Under the programme, JPMorgan Chase will replace hard drives in more than 3000 of its computers and connect with Good360's network of 27,000 charities through the 'Tech Warehouse' marketplace.
Charities will be permitted to acquire up to 15 products annually and five per quarter. Donations must be used for the primary purpose of serving the ill, needy or youth and cannot be resold, auctioned, traded, bartered or cross international borders. Recipients will be asked to pay $65 to cover shipping and handling fees, and agree to recycle the computers when they reach their end of life.
Guy Chiarello, JPMorgan Chase CIO, says: "Since 2009, we've been able to redeploy almost 30 percent of the desktops, laptops, monitors and printers collected - avoiding costs and reducing our environmental impact. We are proud to develop Tech Warehouse with Good360 as a way to continue our work toward preserving the environment while providing useful technology for those in need."