OVERVIEW: The JP Morgan Chase Foundation has both a local and a global focus to get citizens into safe homes, back to work, and financially secure. Not only does the foundation make regular grant contributions, but it also encourages its employees to give back to their communities by donating and volunteering.
FUNDING AREAS: Affordable housing, economic development, financial empowerment, and workforce readiness
IP TAKE: For New York City organizations, your best chance at funding is with JP Morgan Chase's affordable housing program. There are obviously plenty of housing needs around the city, and New York nonprofits take precedence. See if you can incorporate a financial coaching plan into your housing program for an unforgettable proposal.
PROFILE: JP Morgan Chase is much more than just a bank these days. The corporation has developed a philanthropic foundation that rivals nearly any national and international donor. Although Chase doesn't only focus its giving on New York, it has made significant contributions around the city in the areas of affordable housing, economic development, financial empowerment, and workforce readiness.
The JP Morgan Chase Foundation awards around $200 million in annual grants to thousands of non-profit organizations. In a recent year, the company and its foundation gave to thousands of nonprofit organizations across 47 U.S. states, the District of Columbia, and 43 countries around the world.
In addition to its annual giving, the corporate donor sponsors a number of employee-based programs to encourage staff and management to give back to their communities. The foundation has granted significant awards to fund educational programs for South Bronx students and technology upgrades for New York-based arts groups.
If you're going to pitch a housing proposal, make sure that it focuses on permanent, rather than temporary, housing and leads to home ownership. Chase will also consider housing proposals for disaster relief and community-level models for neighborhood stabilization. Economic development grant proposals are considered for both new businesses and existing ones, however, be aware that the geographic focus does extend beyond the five boroughs.
Make sure that your workforce readiness proposal should focus on engaging youth between fourteen and eighteen years of age. Chase also loves to stem STEM (science, technology, engineering, math) proposals for teacher training, curriculum development and college preparation. And of course, a bank philanthropy would have to have a financial empowerment focus area. There are few foundations in the city that fund programs for financial literacy education and financial coaching, so if your organization can develop one, then you're golden.
Visit the How to Apply page to familiarize yourself with the dos and don'ts of submitting a grant proposal to Chase. Your Letter of Inquiry should describe your program's goals, logistics, budget, and regional focus. To be considered, you'll need to send your inquiry to the appropriate Chase staff member based on your geographic location. So while you'll be facing a lot of national competition for grants, at least your proposal will be considered by someone on the local level. For New York City organizations, you can send an email to email@example.com with any questions about the grant application process.
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