Doing our part - JPMorgan Chase
Doing our part - JPMorgan Chase
Doing our part - JPMorgan Chase
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providing finance to businesses creating<br />
positive impact in their communities.<br />
Rather than simply allocating <strong>our</strong> own<br />
capital, the goal is to enc<strong>our</strong>age broader<br />
investment from a diverse group of<br />
investors that might otherwise not have<br />
invested. With this goal in mind, we have<br />
also built a market-leading analytical<br />
research franchise to benefit <strong>our</strong> clients and<br />
others interested in this market.<br />
Impact Investment Case Study<br />
Through J.P. Morgan’s investment in<br />
LeapFrog Financial Inclusion Fund, we<br />
are investing in an insurance company in<br />
South Africa called AllLife, which provides<br />
comprehensive life insurance coverage<br />
exclusively to people living with HIV and<br />
AIDS. The company links its insurance<br />
products to an adherence management<br />
program, which requires that clients<br />
manage their healthcare, routinely alerting<br />
them to potential health concerns and<br />
helping them take action to maintain their<br />
24<br />
JPmorgan JPmorgan chaSe & co co.<br />
well-being. Clients experience an average<br />
15% improvement in health just from having<br />
an AllLife insurance policy. AllLife is on<br />
track to deliver insurance to more than<br />
50,000 individuals in the next few years.<br />
GIVING tO OUR<br />
cOMMUNItIES<br />
<strong>JPMorgan</strong> <strong>Chase</strong> focuses <strong>our</strong> investment and<br />
attention toward specific neighborhoods in<br />
cities where we have major operations. These<br />
neighborhoods are typically among the most<br />
challenged areas of major urban centers,<br />
defined by high rates of poverty and historic<br />
disinvestment. We work to lead a renaissance<br />
in the neighborhood by engaging the<br />
nonprofit organizations, neighborhood<br />
residents, and other s<strong>our</strong>ces of public and<br />
private advocacy and funding.<br />
Weinland Park – Columbus, OH<br />
In 2011, <strong>JPMorgan</strong> <strong>Chase</strong> continued its<br />
investment in Weinland Park with nearly<br />
$2 million in a holistic approach<br />
new york city police Foundation<br />
We are helping to strengthen security in the Big Apple<br />
through a <strong>part</strong>nership with the New York City Police<br />
De<strong>part</strong>ment — the world’s largest police de<strong>part</strong>ment.<br />
Valued at over $4.6 million, <strong>our</strong> donation of technology,<br />
time and skills to improve the NYPD’s technology<br />
infrastructure was the largest in the history of the New<br />
York City Police Foundation. Through <strong>our</strong> Technology<br />
for Social Good program, we donated 1,000 personal<br />
computers across the police de<strong>part</strong>ment, 2,000 new<br />
to revitalizing and stabilizing the<br />
neighborhood. Since 2007, we have<br />
invested more than $7 million in programs<br />
to address affordable housing needs and<br />
support new development for current and<br />
future residents of the neighborhood. We<br />
helped acquire and rehabilitate vacant<br />
and abandoned properties, provided<br />
forgivable loans for home repairs, invested<br />
in educational and vocational training<br />
programs, and taught financial literacy<br />
classes. In addition, more than 800 of <strong>our</strong><br />
employees volunteered more than 5,000<br />
h<strong>our</strong>s to build homes in Weinland Park<br />
with Habitat for Humanity.<br />
patrol car laptops, and provided funding to ensure that all<br />
of the equipment was properly installed and functioning.<br />
We also donated funding for critical programming of incar<br />
Cisco mobile access routers and the implementation<br />
of structured network cabling across 76 locations and 29<br />
police precincts. This <strong>part</strong>nership allowed us to develop<br />
the expertise to replicate similar projects within the public<br />
and social sectors.