JPMorgan Chase’s philanthropic giving focuses on community development through careers, skills, business growth, entrepreneurship, financial health, wealth creation and environmental sustainability. In October 2020, JP Morgan Chase committed $30 billion to address systemic barriers and build a more equitable economy. As part of that commitment, in October 2021, JPMorgan Chase committed $1.3 million to the COVID-19 Eviction Defense Project in Colorado to improve household stability for Black, Hispanic and Latino and other underserved households.
With a strong commitment to resource conservation and environmental responsibility, JPMorgan Chase has also financed more than $2.5 trillion over 10 years to advance climate action initiatives and sustainable development.
As part of JPMorgan Chase’s ongoing commitment to the community, in February 2020, the firm made a $7 million, 5-year grant to a global career readiness initiative to give Denver’s underserved students access to higher education and real-world work experiences. The goal of this initiative is to equip students with the experiences that will lead to well-paying, in-demand jobs.
In addition, four more grants were made to the community in 2020. Two grants were made to address affordable housing challenges. A $500,000 grant was made to Enterprise Community Partners for programming to help Colorado affordable housing nonprofits navigate pandemic-related challenges. The funding enabled Enterprise to provide expertise, tools and training to support the long-term viability and sustainability of local, non-profit Community Development Corporations and nonprofit community housing organizations as they, and the residents they serve, recover from the health and economic effects of the pandemic.
Another grant for $500,000 was made to the Neighborhood Development Collaborative (NDC) and The Denver Foundation, to support NDC’s programming to assist metro Denver nonprofit housing providers with pandemic-related lost rental revenues and increased costs.
JPMorgan Chase also made a workforce-related grant of $100,000 to Activate Work, Inc., to support IT training and job placement services for underserved individuals. This programming provides training, and access to good-paying jobs that will place individuals on a path of economic security and mobility.
And DreamSpring received funding to support its lending programming for underserved entrepreneurs who are trying to re-open or re-start their businesses as they navigate pandemic challenges. The grant supported this work in Colorado, Arizona, and Nevada, with $160,000 of this regional grant allocated to help Colorado entrepreneurs.