Charities fight for piece of $5 million prize on Facebook  

According to this Cnn article, this week over 100 different charities are battling for votes on Facebook to win $1 million dollars. This new outreach campaign started by JP Morgan Chase is giving donations amounting to a total of $5 million dollars to 100 different charities chosen by Facebook users. This new approach is very different from the old grant process that charities would have to go through to get financial contributions.Now Chase has decided to put the power in the hands of the American people's Facebook users.This new approach was started when Chase decided to take a database of 500,000 non for profit organizations and upload the information on to Facebook.Chase then allowed "crowdsourcing" to decide which charities were deserving of recognition and then in turn be entered into the Chase Community Giving Competition. Once an organization was entered into the Chase Community Giving Competition, a tournament like process started via Facebook, where users could decide who deserved a financial contribution from Chase.

To learn more log on to Facebook and support one of your favorite charities by becoming a fan of "Chase Community Giving".