JPMorgan Chase’s philanthropy is about more than just writing a check. It’s about partnering with organizations to identify and solve some of the most pressing problems in our communities.
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JPMorgan’s Philanthropic Initiatives
JPMorgan Chase is committed to giving back to the communities where they live and work. For over 200 years, they have been involved in philanthropic initiatives that help create economic opportunity, grow small businesses, and improve the lives of their employees and customers.
JPMorgan’s history of philanthropy
JPMorgan has a long history of philanthropy and giving back to the community.
JPMorgan Chase was founded in 1799 as a New York City banking institution. In the early 1800s, the bank helped finance the construction of the Erie Canal. In the mid-1800s, JPMorgan played a role in financing the construction of the first transcontinental railroad in the United States.
In the early 1900s, JPMorgan helped finance the creation of several large corporations, including General Electric and AT&T. In the 1920s, JPMorgan helped finance the creation of Radio Corporation of America (RCA).
In the 1930s, JPMorgan helped finance the construction of several dams in the United States, including Hoover Dam and Grand Coulee Dam. In 1941, JPMorgan provided $50 million in financing for the construction of what was then the world’s largest airplane factory in Wichita, Kansas.
In 1955, JPMorgan merged with The First National Bank of New York to form what is now known as JPMorgan Chase & Co. Since that time, JPMorgan Chase has continued its tradition of philanthropy and giving back to communities around the world.
Today, JPMorgan Chase is one of the largest financial institutions in the world with assets totaling more than $2 trillion. The firm has operations in more than 60 countries and employs more than 240,000 people.
JPMorgan’s global reach
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations in more than 60 countries. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of clients and consumers under its J.P. Morgan, Chase, and WaMu brands.
JPMorgan Chase’s Philanthropy strives to build strong relationships within the communities where we live and work by working with local partners to identify solutions to pressing needs. We seek to invest in programs that generate both tangible economic outcomes and intangibles such as hope, pride and opportunity for struggling families and individuals across the globe. JPMorgan Chase supports a wide range of activities through cash grants, strategic investments, technical assistance and volunteerism.
JPMorgan’s focus on education
JPMorgan Chase has a long history of support for education, which reflects the company’s commitment to helping people build better lives and communities. The company’s philanthropic investments in education totaled more than $200 million in 2018, with a focus on three key areas: early childhood education, college and career readiness, and workforce development.
JPMorgan Chase’s support for early childhood education helps ensure that children are prepared to succeed in school and in life. The company’s investments in this area totaled more than $40 million in 2018. JPMorgan Chase also supports college and career readiness programs that help young people enter the workforce with the skills they need to succeed. The company’s investments in this area totaled more than $60 million in 2018. JPMorgan Chase also supports workforce development programs that provide training and job opportunities for people of all ages. The company’s investments in this area totaled more than $100 million in 2018.
JPMorgan’s Philanthropic Impact
JPMorgan Chase & Co. is committed to giving back to the communities where they live and work. Their philanthropy supports a range of causes, from education and the arts, to environmental stewardship and economic development. JPMorgan’s philanthropy also helps to build strong and vibrant communities by fostering social and economic inclusion.
JPMorgan’s impact on economic development
JPMorgan’s philanthropy supports a variety of causes, including economic development. JPMorgan has committed $100 million to support small businesses and entrepreneurs in low- and moderate-income communities. The company has also invested $150 million in support of workforce development initiatives, including programs that provide job training and placement services for people in low-income communities. In addition, JPMorgan has provided more than $1 billion in financing for affordable housing developments.
JPMorgan’s impact on workforce development
JPMorgan Chase is committed to helping people build skills and find jobs. That’s why we focus our philanthropy on workforce development.
Since 2009, we have invested more than $350 million in programs that provide job training and placement services, help people earn industry-recognized credentials and support job seekers with re-entry into the workforce.
job seekers: We help job seekers find employment and build careers by providing access to education and training, job search assistance and placement services.
employees: We also invest in programs that provide our employees with opportunities to develop their skills so they can progress in their careers.
communities: By investing in programs that create employment opportunities, we help individuals and families succeed, strengthen our neighborhoods and drive economic growth.
JPMorgan’s philanthropy is divided into three main pillars: education, economic development, and social and community development. The company has donated over $1.5 billion to charitable causes since 2007.
JPMorgan’s impact on social and community development can be seen in its support for organizations that focus on improving access to health care, providing housing and financial assistance to low-income families, and promoting workforce development.
In 2017, JPMorgan committed $10 million to the IAFiong Foundation to help finance the construction of a new hospital in Nigeria. The hospital will provide free medical care to the local community and is expected to serve over 200,000 people.
In 2016, JPMorgan donated $5 million to Larkin Street Youth Services, an organization that provides housing and supportive services to homeless youth in San Francisco. The donation was used to help fund the construction of a new facility that will provide housing and services for up to 200 homeless young adults.
JPMorgan has also supported workforce development programs that provide job training and placement assistance to low-income individuals. In 2017, the company donated $1 million to Year Up, an organization that provides skills training and internships to low-income young adults.