Westport Charity Among Chase-Facebook $25,000 Winners

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Thursday, December 17, 2009

A Westport-based charity is among 100 small and local charities across the country that will receive a $25,000 grant from JPMorgan Chase and Facebook as part of the Chase Community Giving program.

The China Care Foundation, which provides medical care and nurture to orphaned children of China, now has a chance of getting a $1 million grant in a Facebook vote that begins Jan. 15, organizers announced today.

Chase, in in an effort to expand its charitable giving, launched a program last month that lets Facebook users help decide how to give away $5 million. (See WestportNow Dec. 1, 2009)

The Chase Community Giving program asked users to choose from more than half a million charities that have an operating budget of less than $10 million apiece. The 100 charities getting the most votes are receiving $25,000.

In the program’s second round, in addition to one of the 100 getting $1 million, five runners-up will receive $100,000 each.

Matthew Dalio founded China Care in 2000 at the age of just 16 after he witnessed the orphan crisis in China first-hand. His passion for China started when he lived in Beijing at the age of 11, according to the charity’s Web site.

Dalio graduated from Harvard University in 2006 and currently works at Harbor Point Development Group in Stamford. He also created an online nonpartisan blog called TheIssue.com.

He is the son of Ray Dalio, founder and chairman of Bridgewater Associates, Inc., a Westport-based investment management company that earlier this year Institutional Investor’s Alpha magazine ciited as the world’s largest hedge fund manager at the end of 2008. (See WestportNow April 23, 2009)

The firm, which employs 650 workers at four Westport locations, topped the magazine’s 2009 Hedge Fund 100, the magazine’s annual ranking of the world’s biggest single-manager hedge fund firms, with $38.6 billion.

News

Thursday, December 17, 2009

Westport Charity Among Chase-Facebook $25,000 Winners

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