The bank is already one of the biggest and most important corporate funders, focusing on workforce skills and urban development. Now its philanthropic arm will have even more money to work with.
In recent years, many foundations have put equity front and center in their work. But economic stratification only seems to be getting worse in America. Here's where funders have gone wrong.
In a major strategic shift, the Gates Foundation is investing in curbing poverty at home. While it’s starting relatively small, with a $158 million initiative, the move has big implications for the anti-poverty field.
The giant bank has become a surprising leader in philanthropy's push for inclusive economic growth. We take a deep dive into the backstory—and what JPMorgan brings to the table that's new.
We’re seeing more partnerships between corporations, universities and philanthropy to upskill workers so they can thrive in a global economy. Here’s another case study out of central Michigan.
Since its restructuring, the iconic Ford Foundation has been tackling key drivers of inequality. Xavier de Souza Briggs, who leads Ford’s economic grantmaking, gives us an in-depth look at what that means.
Steve and Connie Ballmer are among the big funders who are putting new money into workforce development. But what can this approach achieve in the face of large-scale structural inequities that hurt workers?
Aside from its global aspirations, the Blackstone Charitable Foundation has a strong Chicago connection and close relationship with Mayor Rahm Emanuel. Here’s what this entrepreneurship funder is supporting in the city.
Today’s SCOTUS ruling against public sector unions is a major victory for conservative legal philanthropy. But progressive donors have also scored some legal wins over the years. Here’s how this influence game works.
Experts and top funders in rural America say there’s far more activity and sophistication in this corner of philanthropy than most people realize. But also some challenging issues, especially for newcomers to the field.
Two big new commitments from Google and Accenture offer a window into the biggest trend in corporate philanthropy right now. What’s behind all the focus on the “future of work”?
A recent gift by PepsiCo illustrates several threads weaving through corporate philanthropy right now, with its focus on tackling urban inequities, empowering women, and equipping young people of color for STEM jobs.
Corporate philanthropy is getting much more strategic these days, and for the big banks, inclusive urban prosperity is a top priority. Along with JPMorgan Chase, Citi Foundation is a key player here.
It's good to see leading companies like Walmart and Google making grants to train workers for better jobs. Some of these firms, though, are complicit in America’s low-road, low-wage economy.
While living donors and legacy foundations often eye other warily, they have a lot to gain from collaborating and more such efforts are emerging. Here's an example of that, focusing on economic equity.
The Business Alliance for Local Living Economies (BALLE) believes that supporting fair local economies means questioning the larger status quo. Which funders are behind its approach?
With many experts agreeing that automation threatens to alter the American workforce, some donors are backing work to gauge its economic and societal fallout. Here's an example.
With plans to spend a billion dollars in twenty years, the Ralph C. Wilson Foundation has charged into the struggle to revitalize Rust Belt cities. Eyeing new digital opportunities, one of its partners is MIT.
The digital divide is real is many parts of America where there's uneven access to high-speed Internet. One community foundation in Alabama is looking to bridge these gaps, with seed funding from Google.
Swaths of the American heartland are plagued by an absence of jobs and hope. What can a giant foundation do to turn things around in rural parts of its home state?
There's a lot of new wealth in Atlanta and plenty of civic pride. But despite the city's progressive reputation, deep inequities endure, and grantmakers could do much more to close the gaps.
In the face of powerful structural forces arrayed against Flint, Michigan, the Mott Foundation has kept trying new ways to spur prosperity. We look at its latest initiative, focused on a former auto complex.
JPMorgan Chase's giving has gotten a lot more strategic lately, and boosting minority-owned small businesses, starting in Detroit, is one focus. Now that effort is expanding to two more cities.
Do Bill and Melinda Gates, along with the foundation they command, really have either the bandwidth or appetite to take on a sprawling challenge that has long thwarted government and philanthropy alike?
Backed by the founder of Starbucks, a corporate coalition is gunning for a million youth hires by 2021 with a pragmatic initiative focused on a key zone of racial and economic inequity.
More than fifty years into the War on Poverty, this organization is shaking up how we support poor families. Funders large and small are paying attention to its unique model.
Last week, we looked at what foundations are doing wrong in the fight against rising economic stratification. Now, we turn the spotlight on a foundation that's been doing everything right.
Just because a city's revitalizing, that doesn't mean it's happening equitably. A group of corporations and foundations are upping their support for a Detroit fund seeking to ensure that it does.
As foundations look to drive economic development in their home regions, they're working with a wider array of stakeholders in more ambitious initiatives with lots of moving parts.
With funders facing roadblocks in Washington, D.C. and many states, now's a good moment to focus new attention on making change in another all-important arena: corporations and the private sector.