Jpmorgan Chase Foundation
The JPMorgan Chase Foundation is a private 501(c)(3) corporate foundation incorporated in 1969 in New York and assumed its current name in 2001 following the merger of Chase Manhattan Corp. with J.P. Morgan & Co. Inc. Based in New York City, the foundation is one of the largest corporate foundations in the United States, distributing grants to nonprofit organizations and projects that advance economic opportunity for underserved communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2B
+175.8% YoY
Annual Giving
$202.5M
-8.3% YoY
Grant Count
10,334
-4.3% YoY
Avg Grant Size
$20K
-4.2% YoY
Under IRS private-foundation payout rules, Jpmorgan Chase Foundation reported a distributable amount of $34.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on promoting workforce readiness, small business expansion, financial capability, and community development. Special emphasis is directed toward neighborhoods located in areas of JPMorgan Chase's major operations.
The foundation supports four core pillars:
Jobs & Skills: Programs designed to promote skills development and ensure people are trained and competitive for skilled jobs of the 21st century. The foundation leverages resources, expertise, and global reach through initiatives like New Skills at Work and New Skills for Youth to support demand-driven skills training for adults and address the youth employment crisis.
Small Business Expansion: Support for small business growth and development.
Financial Health: Programs designed to promote financial capability among underserved populations.
Neighborhood Revitalization: Community development initiatives in areas of historic disinvestment and high poverty rates.
The foundation operates as part of JPMorgan Chase's broader Racial Equity Commitment announced in 2020, which aims to help close the racial wealth gap among Black, Hispanic, and Latino communities.
Grantmaking
Grant Range
$5,000 - $5,000,000
Average Grant
amount varies by program type
Grant Types
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds nationally within the United States with priority given to areas of JPMorgan Chase's major operations, including New York, Illinois, Texas, Florida, California, and Ohio. The foundation also funds internationally across 40+ countries.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024
- Total Assets: $1,219,377,637
- Total Revenue: $995,506,022
- Total Expenses: $205,392,706
- Total Giving: $202,504,945
- Giving Rate: 24.4%
As of 2023
- Total Assets: $442,059,290
- Total Revenue: $155,763,432
- Total Expenses: $194,953,574
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,219,377,637 | $442,059,290 | $490,151,596 |
| Revenue | $995,506,022 | $155,763,432 | $51,975,214 |
| Expenses | $205,392,706 | $194,953,574 | $203,162,165 |
| Qualifying Distributions | $202,576,018 | $220,862,772 | $214,174,432 |
| Net Investment Income | $994,796,315 | $13,934,146 | $30,478,844 |
| Distributable Amount | $34,573,733 | $21,945,272 | $30,259,086 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include W Oscar Neuhaus Memorial Foundation ($200,250), 500 Festival Foundation Inc ($5,040), 1n10 Inc ($2,567).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC CHARLOTTE, NC | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $1,930 |
| BROOKLYN URBAN GARDEN CHARTER SCHOOL BROOKLYN, NY | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $2,000 |
| CATHLEEN STONE ISLAND OUTWARD BOUND SCHOOL INC BOSTON, MA | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $25 |
| W OSCAR NEUHAUS MEMORIAL FOUNDATION BELLAIRE, TX | IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $200,250 |
| 06 UNITED INC LONG ISLAND CITY, NY | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $2,500 |
| 10000 DEGREES SAN RAFAEL, CA | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $700 |
| 12 PLUS PHILADELPHIA, PA | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $2,000 |
| 16WAYS FOUNDATION INC MACOMB, MI | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $200 |
| 180 TURNING LIVES AROUND INC HAZLET, NJ | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $100 |
| 180ZONE INC DAVENPORT, IA | MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT) | $2,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Timothy Berry - Director and Chairman
- Carol Lake - Director and President
- Joseph Tobias - Director and Treasurer
- Jeremy Barnum - Director
- Heather Higginbottom - Director
- Seth Grossman - Secretary
- Hang Ho - Senior Vice President
- Courtney Hodapp - Senior Vice President
- Tim Kellogg - Assistant Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY BERRY | DIRECTOR AND CHAIRMAN | 1 | — |
| CAROL LAKE | DIRECTOR AND PRESIDENT | 20 | — |
| JOSEPH TOBIAS | DIRECTOR AND TREASURER | 12 | — |
| JEREMY BARNUM | DIRECTOR | 1 | — |
| HEATHER HIGGINBOTTOM | DIRECTOR | 0.8 | — |
| TIM KELLOGG | ASSISTANT TREASURER | 2 | — |
| SETH GROSSMAN | SECRETARY | 20 | — |
| HANG HO | SENIOR VICE PRESIDENT | 20 | — |
| COURTNEY HODAPP | SENIOR VICE PRESIDENT | 6 | — |
| JULIE SLAMA - RESIGNED MAY 2024 | SENIOR VICE PRESIDENT | 20 | — |
| JENNIE SPARANDARA | SENIOR VICE PRESIDENT | 20 | — |
| HANKA BOLDEMANN | VICE PRESIDENT | 20 | — |
| MANEESHA CHADHA | VICE PRESIDENT | 20 | — |
| ELSA CHIN | VICE PRESIDENT | 20 | — |
| CHARLES CORRIGAN | VICE PRESIDENT | 20 | — |
| VANESSA ENGEL | VICE PRESIDENT | 20 | — |
| RITA GERMAN | VICE PRESIDENT | 6 | — |
| ROMA KAUNDAL | VICE PRESIDENT | 20 | — |
| RODOLFO LOZANO | VICE PRESIDENT | 4 | — |
| MATTHEW MUENCH | VICE PRESIDENT | 20 | — |
| DANIEL OKONKWO | VICE PRESIDENT | 20 | — |
| SHAOLEE SEN | VICE PRESIDENT | 20 | — |
| ALLEN FERNANDEZ SMITH | VICE PRESIDENT | 20 | — |
| ABIGAIL SUAREZ | VICE PRESIDENT | 20 | — |
| SARAH WILLIS - RESIGNED APRIL 2024 | VICE PRESIDENT | 20 | — |
Recent News & Activity
Recent developments and announcements
Recent grant announcements include:
$4 million to prepare Detroit students for high-demand jobs
JPMorgan Chase Announces $4 Million to Prepare Detroit Students for High-Demand$500,000 grant to First Children's Finance for training and programming in the Detroit area
JP Morgan Chase Foundation Awards $500,000 for Training in Detroit Area\$500,000 grant to Tech Impact for an IT Apprenticeship Program
IT Apprenticeship Program Earns $500,000 Grant from Tech Impact$525,000 grant to Center for Community Progress Technical Assistance Scholarship Program
JPMorgan Chase Grants $525K to Center for Community Progress Technical AssistanceFrequently Asked Questions
What does Jpmorgan Chase Foundation fund?
The foundation's mission centers on promoting workforce readiness, small business expansion, financial capability, and community development. Special emphasis is directed toward neighborhoods located in areas of JPMorgan Chase's major operations. The foundation supports four core pillars: • **Jobs & Skills**: Programs designed to promote skills development and ensure people are trained and competitive for skilled jobs of the 21st century. The foundation leverages resources, expertise, and globa…
How do I apply for a grant from Jpmorgan Chase Foundation?
**Grant Activity (2024)** • Total grants distributed: $202.5 million across 10,328 awards • Grant range: $5,000 - $5,000,000 • Median grant amount: $338,622 • Average grant amount varies by program type **Grant Types** • General Operating Support • Matching Contributions • Economic Mobility and Career Pathways support • Neighborhood Revitalization initiatives • Program-related investment loans for healthcare delivery improvement and quality healthcare jobs in low-income communities **Applicatio…
Where does Jpmorgan Chase Foundation make grants?
The foundation funds nationally within the United States with priority given to areas of JPMorgan Chase's major operations, including New York, Illinois, Texas, Florida, California, and Ohio. The foundation also funds internationally across 40+ countries.
What size grants does Jpmorgan Chase Foundation award?
In 2024, Jpmorgan Chase Foundation awarded 10,334 grants totaling $202.5M — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Jpmorgan Chase Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jpmorgan Chase Foundation reported a distributable amount of $34.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jpmorgan Chase Foundation's EIN?
Jpmorgan Chase Foundation's EIN (Employer Identification Number) is 23-7049738. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Jpmorgan Chase Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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