One of the world's leading financial institutions, JPMorgan Chase & Co. recognizes its social responsibility to give back positively to its served communities. The company has dramatically increased its corporate giving through its JPMorgan Chase Foundation, giving over $220 million annually to not-for-profit entities in more than 40 countries on six continents.
This global promise is directed towards stimulating economic growth, improving labor market readiness, promoting small business growth, and renewing urban areas. Leveraging its vast resources as well as its experience, JPMorgan Chase is seeking to deliver inclusive opportunities and promote enduring development globally.
Strategic Philanthropic Activities
The JPMorgan Chase Foundation directs its giving in areas that are at the core of its mission to promote local economic growth and development:
1. Workforce Preparedness
Providing individuals with skills that translate into quality employment is a key consideration at the foundation. The funding is directed towards initiatives that train individuals with skills necessary to secure employment.
- In November 2023, JPMorgan Chase made new commitments worth $3.5 million towards growing apprenticeship programs nationwide.
- The goal is to help underserved communities attain quality work experience and develop necessary skills.
2. Small Business Growth
Understanding that small businesses are crucial in maintaining economic viability, the foundation encourages activities that promote small business development, especially in distressed areas.
- Providing affordable loans, equity investments, and grants to help small businesses overcome financial obstacles and grow.
3. Financial Capability and Wellbeing
Promoting fiscal literacy and stability is essential for both individual and collective success.
- The foundation supports activities that help individuals manage money wisely, build wealth, and achieve long-term financial stability.
4. Community Development
The foundation is committed to revitalizing neighborhoods by investing in:
- Affordable housing
- Infrastructure development
- Other neighborhood projects
- In June 2023, JPMorgan Chase made new commitments worth $7.65 million toward improving housing affordability and stability for underserved households, including Black, Hispanic, and Latino communities in Washington D.C.
Worldwide Reach and Impact
JPMorgan Chase extends its philanthropy across more than 40 nations. The foundation interacts with local stakeholders and organizations in each location, aligning its activities with local demands to ensure sustained and effective impact.
Beyond financial contributions, JPMorgan Chase leverages its data, technical assistance, and policy leadership to address systemic challenges and foster inclusive economic growth. This holistic approach enhances the effectiveness of its philanthropic efforts, leading to stronger and more resilient communities globally.
Leadership and Vision
The foundation’s leadership is directed by experienced professionals dedicated to executing JPMorgan Chase’s philanthropic mission.
- Karen Persichilli Keogh, Head of Global Philanthropy, leads efforts to define and implement the foundation’s strategies.
- Under her leadership, the foundation has enhanced its focus on creating inclusive economic opportunities and tackling pressing social challenges.
Find More JPMorgan Chase Foundation Grants
The JPMorgan Chase Foundation is a model for scaling corporate philanthropy globally, driving economic inclusion, supporting community development, and promoting sustainable growth.
Through insightful investments, collaborative partnerships, and a focus on addressing systemic challenges, the foundation continues to make a lasting impact on communities worldwide.
To learn more about JPMorgan Chase Foundation’s global philanthropy efforts, visit their official impact page.
