Finance company JPMorgan Chase & Co. donated $13.8 million to Syracuse University's higher education and employment program for veterans and their families, reported The Post-Standard. The initiative, called The Institute for Veterans and Military Families, provides educational and job support to former servicemembers enrolled at Syracuse University.
This is the second time JPMorgan Chase & Co has contributed to the program. The finance company partnered with Syracuse University to establish the IVMF back in 2011 and offered an initial investment of $7.3 million. This latest donation will fund the program through 2020.
"Partnering with Syracuse University to create the IVMF is a natural extension of our firm's long history of support to military service members," Matt Zames, the company's chief operating officer, told The Post-Standard. "The past five years have seen improvements across the board in how our nation understands and supports veterans and military families, in no small way due to the work of the IVMF."
The program offers services that impact veterans, nationwide. In 2012, the IVMF, in cooperation with Hire Heroes USA, developed VetNet, an online networking portal that helps veterans transition into fulfilling careers in life after service.
According to the Department of Veterans Affairs, nearly 900,000 former members of the military live in New York. In 2014, over 400 Syracuse University students used VA educational benefits.