JPMorgan Chase Commits £2 Million to Boost Black and Ethnic Minority-Led Nonprofits in London - Seite 2

This commitment builds on the approach JPMorgan Chase has taken in its support of London Youth to help 15 youth clubs across London empower young people. This increases their employability by building their skills and connecting them with employers.

“Building out our capacity to deliver employability support has allowed us to be more impactful in helping the young people who come to our club,” said Syed Uddin, Head if Operations at Leaders in Community Youth Club in East London. “We are now better able to work with them to pursue their career and education goals. We have been able to exchange ideas with other youth clubs, train staff to offer relevant advice and guidance, access better employability resources online, introduce a skills development framework and use new digital tools for virtual career insight and work experience opportunities.”

A Commitment to Racial Equity

This new effort follows a $30 billion commitment by JPMorgan Chase to advance racial equity through its expertise in business, policy and philanthropy. The commitment will focus on promoting and expanding affordable housing and homeownership, growing Black and ethnic-minority owned small businesses, improving financial health and access to banking, and building a more diverse and inclusive workplace.

In the U.K., through its Advancing Black Pathways Programme, the firm has a history of investing in the careers of Black students and leaders.

About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About London Community Foundation

The London Community Foundation (LCF) exists to help build strong and connected communities. The charity does this by inspiring London’s generosity to invest in small charities and community groups working deep in the Capital’s communities. Since inception it has raised over £100M to support London’s grassroots, working with corporate and individual philanthropists as well as public sector partners. Since first lockdown, LCF has committed over £9M in COVID funding as part of the London Community Response, a collaboration of London funders committed to best practice funding during the crisis as well as being a signatory of #WeStandwiththeSector.