Magazine article American Banker

Volunteer Spirit

Magazine article American Banker

Volunteer Spirit

Article excerpt

Volunteer Spirit

KeyCorp chairman and chief executive Henry Meyer was flipping pancakes at 8 a.m. Thursday at a park on Cleveland's Public Square.

Mr. Meyer has not found a new job. He was there in his role as the chairman of the Cleveland arm of the United Way, which kicked off its 2006 campaign to raise funds for community nonprofits by offering passers-by a breakfast made and served by one of the city's high-profile CEOs for $5.50.

KeyCorp has a philanthropic project of its own coming up. Its 17th annual Neighbors Make the Difference Day is set for Thursday, when 2,600 of the company's 7,000 Cleveland employees will leave work early to help with 300 projects around the city.

A KeyCorp spokeswoman said it has similar community service days planned for this month around the country, in which the company expects another 4,400 employees to volunteer in their communities.

Beyond Borders

JPMorgan Chase & Co. chairman Bill Harrison said Thursday morning that his company would like to step up its global philanthropic program.

Addressing a group gathered at the company's Park Avenue headquarters for a global corporate citizen forum sponsored by the Business Civic Leadership Center, Mr. Harrison said that 90% of the roughly $100 million that JPMorgan Chase spent last year on philanthropic purposes remained in the United States, though 25% of its profits came from abroad.

Currently, JPMorgan Chase sponsors entrepreneurship programs for women in Mexico, Vietnam, and China, countries where it does business. …

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