The JPMorgan Chase Foundation is the philanthropic arm of JPMorgan Chase and Co., a major international financial institution. The foundation supports nonprofits that could become lasting lending organizations that can put more money into poor neighborhoods. ¹

The foundation makes grants in the United Kingdom as well as the United States. It focuses on skills training and employment for people with disadvantaged backgrounds. ²

The foundation focuses on partnerships between the government and the private sector to promote jobs and skills, small business expansion, financial health and neighborhood revitalization. ³

Donations

The foundation donates about $250 million per year taken largely from revenues produced by the JPMorgan Chase company. It has announced that it will increase giving to $1.75 billion by 2023. ⁴ The planned boost in giving came largely due to the company’s tax savings of about $4 billion through the Tax Cut and Jobs Act of 2017, according to Inside Philanthropy. ⁵

In 2014, the foundation committed $100 million over five years to Detroit to help the city’s economic problems. ⁶ JPMorgan Chase contributed $1 million to the city of Houston to help build housing units for the homeless in 2016. ⁷ In 2017, the company contributed $40 million to Chicago development and $10 million to Washington, D.C. development. ⁸

In 2018, the JPMorgan Chase Foundation began funding a partnership among 12 universities in Washington, D.C.; Virginia; and Maryland to promote mastery of basic digital skills for graduates. The program is hosted by the Business-Higher Education Forum, a nonprofit that promotes partnerships between Fortune 500 companies and universities and colleges. ⁹

Leadership

Janis Bowdler is the is the president of the JPMorgan Chase Foundation. She previously worked for 10 years as the economic policy director for the left-wing Hispanic-interest advocacy group National Council of La Raza (now UnidosUS). She came to the JPMorgan Chase Foundation in 2013. ¹⁰

Stephanie Mestrallet is the vice president of the JPMorgan Chase Foundation. She began in August 2014. She works out of London, England. ¹¹

Ethan Morgan is the chairman of the JPMorgan Chase Southern California Philanthropic Leadership Council. ¹²

1. Anderson, Greta. “Latina Leader Named Head of JPMorgan Chase Foundation.” Al Dia Professionals. June 14, 2018. Accessed May 19, 2020. https://aldianews.com/articles/leaders/professionals/latina-leader-named-head-jpmorgan-chase-foundation/52997
2. Corporate Responsibility. JP Morgan Chase. Accessed May 19, 2020. https://www.jpmorgan.com/country/GB/EN/corporate-responsibility
3. Zalikofsky, Emmanuel. “Philanthropic JP Morgan Chase Foundation Helps Communities Rise.” Sophia News. October 2018. Accessed May 19, 2020. https://sophianews.com/2018/10/philanthropic-j-p-morgan-chase-foundation-helps-communities-rise/
4. Zalikofsky, Emmanuel. “Philanthropic JP Morgan Chase Foundation Helps Communities Rise.” Sophia News. October 2018. Accessed May 19, 2020. https://sophianews.com/2018/10/philanthropic-j-p-morgan-chase-foundation-helps-communities-rise/
5. Rojc, Philip. “Big and Getting Bigger: JPMorgan Chase Philanthropy Is Getting a Boost.” August 22, 2018. Accessed May 19, 2020. https://www.insidephilanthropy.com/home/2018/1/30/big-getting-bigger-jpmorgan-chase-philanthropy
6. Rojc, Philip. “Big and Getting Bigger: JPMorgan Chase Philanthropy Is Getting a Boost.” August 22, 2018. Accessed May 19, 2020. https://www.insidephilanthropy.com/home/2018/1/30/big-getting-bigger-jpmorgan-chase-philanthropy  
7. R. Ciara. “Mayor Accepts $1 Million JP Morgan Chase Donations to Help End Chronic Homelessness in Houston.” CW 39 Houston. October 20, 2016. Accessed May 19, 2020. https://cw39.com/newsfix/houston-mayor-accepts-1-million-jp-morgan-chase-donation-to-help-end-chronic-homeless/
8. Rojc, Philip. “Big and Getting Bigger: JPMorgan Chase Philanthropy Is Getting a Boost.” August 22, 2018. Accessed May 19, 2020. https://www.insidephilanthropy.com/home/2018/1/30/big-getting-bigger-jpmorgan-chase-philanthropy
9. [1] Nietzel, Michael. “Developing Talen for the Digital Economy: The Business-Higher Education Forum Shows the Way.” June 10, 2019. Accessed May 19, 2020. https://www.forbes.com/sites/michaeltnietzel/2019/06/10/developing-talent-for-the-digital-economy-the-business-higher-education-forum-shows-the-way/#71ffcf7a5160
10. Anderson, Greta. “Latina Leader Named Head of JPMorgan Chase Foundation.” Al Dia Professionals. June 14, 2018. Accessed May 19, 2020. https://aldianews.com/articles/leaders/professionals/latina-leader-named-head-jpmorgan-chase-foundation/52997
11. Stephanie Mestrallet. LinkedIn. Accessed May 19, 2020. https://www.linkedin.com/in/stephanie-mestrallet-3a70a34/?originalSubdomain=uk
12. Ethan Morgan. Organ County Business Journal. Accessed May 19, 2020. https://www.ocbj.com/news/2020/feb/03/ethan-morgan/