JPMorgan Is Giving $1M to Nonprofits Exposing Hate Groups in the Wake of Charlottesville

JPMorgan Chase announced Monday that it will be giving $1 million to nonprofit groups fighting extremism following the deadly white supremacist protest in Charlottesville, Va.

"The events in Charlottesville have increased the urgency to confront hate, intolerance and discrimination wherever it exists," Peter Scher, head of corporate responsibility at JPMorgan, wrote in a memo to employees, according to CNN Money.

The U.S.'s biggest bank said that the donation will be split equally between the Southern Poverty Law Center and the Anti-Defamation League and is part of efforts to address "deep divisions" in the nation. In addition, the bank will contribute up to $1 million more by matching employee donations, according to Reuters. Separately, $50,000 will go to the Charlottesville Area Community Foundation.