OVERVIEW: The JP Morgan Chase Foundation supports local, regional, and national LGBT organizations.
IP TAKE: This corporate funder offers grants for program or project support. Very rarely does Chase award grants for general operating support.
PROFILE: The JP Morgan Chase Foundation is the philanthropic arm of the global financial services company JP Morgan Chase. Through its programs and grantmaking, the foundation aims to “[e]nable more people to contribute to and share in the rewards of a growing economy” by “taking a comprehensive approach [...] to make investments in four priority areas: Workforce Readiness, Small Business Expansion, Financial Capability, and Community Development.”
Although the JP Morgan Chase Foundation does not have a grantmaking program dedicated to LGBT causes, its latest tax filings reveal a broad interest in LGBTQ grantmaking. Rather than naming specific LGBTQ-related funding areas, the foundation’s broad approach allows it to invest in a range of projects and organizations. For example, organizations such as Gay City Health Project and Gay & Lesbian Advocates & Defenders have received grants from the foundation.
Grant amounts vary widely and can range anywhere from around $50 to over $750,000. Most grants typically fall in the $1,000 to $100,000 range.
The JP Morgan Chase Foundation accepts unsolicited grant applications and requests for funding from U.S. based organizations working within the country. The foundation does not accept unsolicited grant applications from international organizations or those conducting work outside the United States. The foundation accepts and reviews grant applications throughout the year on a rolling basis.
- Peter Scher, Director and Chairman
- Chauncy Lennon, Senior Vice President, Managing Director and Head of Workforce Initiatives, Global Philanthropy
- Karen Persichilli Keogh, Head of Global Philanthropy
- Mark Rigdon, Senior Vice President