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Jpmorgan Chase Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1969. The principal officer is Joseph Tobias. It holds total assets of $1.2B. Annual income is reported at $2.2B. Total assets have grown from $276.5M in 2011 to $442.1M in 2023. The foundation is governed by 29 officers and trustees. Tax records are available from 2015 to 2023. Funding is distributed across 8 states, including United States, Global, New York. According to available records, Jpmorgan Chase Foundation has made 5,000 grants totaling $219.4M, with a median grant of $2K. Individual grants have ranged from $600 to $3.3M, with an average award of $44K. The foundation has supported 4,647 unique organizations. The foundation primarily supports organizations in District of Columbia, California, New York, which account for 27% of all grants. Grantmaking reaches organizations across 51 states. Contributions to this foundation are tax-deductible.
## Mission & Strategic Approach
JPMorgan Chase Foundation is the philanthropic arm of JPMorganChase & Co., the world's largest bank by assets (~$3.9 trillion). The Foundation drives economic growth and opportunity by making strategic philanthropic and business investments in communities globally.
Its work is organized across five strategic pillars:
1. Business Growth and Entrepreneurship — Supporting small business owners with tools, capital access, mentorship, and ecosystem resources. JPMorganChase supports 7 million small business clients globally. 2. Careers and Skills — Funding career-connected education, workforce training, and skills development that connects job seekers—especially from underserved communities—to quality employment. 3. Community Development — Promoting neighborhood revitalization, affordable housing creation, and support for vital local institutions (hospitals, schools, governments, CDFIs). The firm has created or preserved 250,000+ affordable housing units since 2021. 4. Environmental Sustainability — Advancing clean energy transitions and scaling essential energy technologies, anchored by a $2.5 trillion Sustainable Development Target. 5. Financial Health and Wealth Creation — Expanding financial inclusion and helping historically excluded individuals build lasting wealth.
The Foundation takes a fully integrated approach, simultaneously deploying business expertise, data, human capital, and philanthropic capital to maximize community impact. Grant-making is proactive and relationship-driven; most funding goes to established strategic partners rather than unsolicited applicants.
## Funding Patterns & Grant Programs
The Foundation primarily funds established nonprofit partners aligned with its five strategic pillars. Programs include:
| Program | Focus | Notes |
|---|---|---|
| Business Growth & Entrepreneurship | Small business support, CDFI lending, entrepreneurship ecosystems | Multi-year partnerships with CDFIs, incubators |
| Careers & Skills | Workforce training, career-connected education, apprenticeships | Partners include Generation, Year Up, and similar providers |
| Community Development | Affordable housing, homeownership, community institutions | Includes large predevelopment loans (e.g., $29.1M for Catchlight Crossings) |
| Environmental Sustainability | Clean energy, energy transition infrastructure | Aligned with $2.5T Sustainable Development Target |
| Financial Health | Financial literacy, wealth building, underbanked access | Focuses on low-to-moderate income populations |
| Veteran Jobs Mission | Military veteran employment coalition | 315+ companies, 1M+ veterans hired since 2011 |
Typical grant sizes (from IRS 990 data): - Median grant: ~$500 - Average grant: ~$34,672 - Maximum grant: ~$3.3 million - Total grants made: 6,275 in most recent filing period - Foundation assets: $1.22 billion
The wide range reflects both small community grants and large multi-year institutional partnerships. Total philanthropic commitment exceeds $400 million annually when combined with firm-level investments.
## Peer Comparison
The JPMorgan Chase Foundation is the largest U.S. bank-affiliated foundation and one of the most influential corporate foundations nationally.
| Foundation | Assets | Annual Giving Est. | Primary Focus | Application Type |
|---|---|---|---|---|
| JPMorgan Chase Foundation | $1.22B | $400M+ (firm-wide) | Economic mobility, workforce, housing | Proactive/invite only |
| Wells Fargo Foundation | ~$1.1B | ~$200M | Housing, small business, financial health | Limited RFPs + proactive |
| Bank of America Charitable Foundation | ~$800M | ~$250M | Economic mobility, workforce, housing | Proactive/invite only |
| Goldman Sachs Foundation | ~$600M | ~$100M+ | Education, economic empowerment | Proactive + select RFPs |
| Citi Foundation | ~$500M | ~$100M | Financial inclusion, workforce, cities | Proactive/invite only |
| Ford Foundation | ~$13B | ~$600M | Inequality, justice, social change | Invite only (established partners) |
Key differentiators: - Uniquely integrates firm business activity (lending, advisory, technology) with philanthropy - Uses proprietary JPMorganChase Institute data and research to direct investments - Strongest workforce/skills pipeline in corporate philanthropy nationally - One of few foundations with a standing veteran employment coalition (315+ corporate members) - Prefers long-term, multi-year partnerships over one-off project grants
## Application Tips & Relationship Strategy
Critical insight: JPMorgan Chase Foundation does not accept unsolicited grant proposals in most cases. All funding is strategically directed to established partners. Success requires a long-term relationship-building strategy.
How to engage: 1. Identify your local JPMorganChase market lead — The Foundation operates through regional community affairs and corporate responsibility teams. Research who leads philanthropy in your target city/region. 2. Align to one of the five pillars — Your organization must fit squarely within Business Growth, Careers & Skills, Community Development, Environmental Sustainability, or Financial Health. Mixed-focus organizations should lead with their strongest fit. 3. Emphasize scale and measurable impact — JPMorgan Chase favors partners who can demonstrate significant reach (thousands of people served) and quantifiable outcomes (jobs created, units built, businesses supported). 4. Demonstrate systems-change approach — The Foundation looks for partners working on policy, systemic solutions, and ecosystem-level change—not just direct service delivery. 5. Leverage data credibility — Reference JPMorganChase Institute research (which the firm publishes on economic mobility, housing, small business) to show alignment with the firm's own analysis. 6. Build over time — Start with smaller community-level engagements, volunteer partnerships, or co-sponsorship of events before approaching for major grants. 7. Watch for RFPs — Occasionally, the Foundation issues targeted RFPs (especially for housing and workforce programs) through CDFI intermediaries and national networks.
Best-fit organizations: - CDFIs and community development lenders - Workforce training providers with strong job placement rates - Affordable housing developers (especially minority-led and community-controlled) - Small business development centers and entrepreneurship ecosystems - Veterans employment and transition organizations - Financial coaching and wealth-building nonprofits serving low-to-moderate income populations
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Smallest Grant
N/A
Median Grant
$500
Average Grant
$35K
Largest Grant
$3.3M
Based on 6,275 grants from the most recent 990-PF filing.
Helping business owners achieve their goals and strengthen their communities through an ecosystem of tools, resources, and strategic advice. Supports small business growth including 386,000 small businesses in Chicago alone.
Supporting and developing career-connected education, skills training, and policy solutions that connect job seekers to more opportunities, including virtual call centers creating 200+ jobs and partnerships with workforce programs.
Building stronger communities by improving housing access and affordability, expanding homeownership opportunities, and supporting vital institutions like governments, hospitals, schools, and community financial institutions. Created or preserved 250,000+ affordable housing units since 2021.
Supporting the ongoing energy transition and scaling essential clean energy technologies. Part of a $2.5 trillion Sustainable Development Target.
Helping individuals build wealth and plan for financial goals by offering the right financial products and services, with a focus on underserved communities.
Coalition begun with JPMorganChase in 2011 to hire military veterans; grown to 315+ companies with 1 million+ veterans and military spouses hired. JPMorganChase has hired 20,000+ veterans since 2011.
## Funding Patterns & Grant Programs The Foundation primarily funds established nonprofit partners aligned with its five strategic pillars. Programs include:.
Jpmorgan Chase Foundation has distributed a total of $219.4M across 5,000 grants. The median grant size is $2K, with an average of $44K. Individual grants have ranged from $600 to $3.3M.
## Mission & Strategic Approach JPMorgan Chase Foundation is the philanthropic arm of JPMorganChase & Co., the world's largest bank by assets (~$3.9 trillion). The Foundation drives economic growth and opportunity by making strategic philanthropic and business investments in communities globally.
Jpmorgan Chase Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 51 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Courtney Hodapp | SENIOR VICE PRESIDENT | $0 | $0 | N/A |
| Monique Baptiste - Resigned Oct 202 | VICE PRESIDENT | $0 | $0 | N/A |
| Maneesha Chadha | VICE PRESIDENT | $0 | $0 | N/A |
| Hang Ho | SENIOR VICE PRESIDENT | $0 | $0 | N/A |
| Rodolfo Lozano - Effective 3152023 | VICE PRESIDENT | $0 | $0 | N/A |
| David Salaverry - Resigned 5242023 | DIRECTOR AND TREASURER | $0 | $0 | N/A |
| Hanka Boldemann | VICE PRESIDENT | $0 | $0 | N/A |
| Daniel Okonkwo | VICE PRESIDENT | $0 | $0 | N/A |
| Linda Rodriguez | VICE PRESIDENT | $0 | $0 | N/A |
| Abigail Suarez | VICE PRESIDENT | $0 | $0 | N/A |
| Jeremy Barnum | DIRECTOR | $0 | $0 | N/A |
| Tim Kellogg | ASSISTANT TREASURER | $0 | $0 | N/A |
| Joseph Tobias - Effective 5252023 | DIRECTOR AND TREASURER | $0 | $0 | N/A |
| Charles Corrigan | VICE PRESIDENT | $0 | $0 | N/A |
| Carol Lake | DIRECTOR AND PRESIDENT | $0 | $0 | N/A |
| Elsa Chin | VICE PRESIDENT | $0 | $0 | N/A |
| Rita German - Effective 3152023 | VICE PRESIDENT | $0 | $0 | N/A |
| Matthew Muench - Effective 472023 | VICE PRESIDENT | $0 | $0 | N/A |
| Timothy Berry - Effective 5252023 | DIRECTOR AND VICE CHAIRMAN | $0 | $0 | N/A |
| Demetrios Marantis - Resigned 51820 | DIRECTOR AND VICE CHAIRMAN | $0 | $0 | N/A |
| Shaolee Sen | VICE PRESIDENT | $0 | $0 | N/A |
| Allen Fernandez Smith | VICE PRESIDENT | $0 | $0 | N/A |
| Julie Slama | SENIOR VICE PRESIDENT | $0 | $0 | N/A |
| Seth Grossman | SECRETARY | $0 | $0 | N/A |
| Heather Higginbottom | DIRECTOR | $0 | $0 | N/A |
| Jennie Sparandara | SENIOR VICE PRESIDENT | $0 | $0 | N/A |
| Roma Kaundal | VICE PRESIDENT | $0 | $0 | N/A |
| Vanessa Engel | VICE PRESIDENT | $0 | $0 | N/A |
| Sarah Willis | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$195M
Total Assets
$442.1M
Fair Market Value
$442.1M
Net Worth
$304.9M
Grants Paid
$194.4M
Contributions
$150M
Net Investment Income
$13.9M
Distribution Amount
$21.9M
Total: $50.4M
Total Grants
5,000
Total Giving
$219.4M
Average Grant
$44K
Median Grant
$2K
Unique Recipients
4,647
Most Common Grant
$1K
No individual grant records are available. Visit the foundation's 990-PF filings below for detailed grantee information.