2011 Corporate Responsibility Report - JPMorgan Chase

STRENGTHENING OUR COMMUNITIES
“We strive to build vibrant, strong communities where families want to live. First and foremost, communities
need quality housing, so our investing and lending activities have focused traditionally on affordable
housing. But to really transform a neighborhood, we use our capital to build facilities — like healthcare clinics,
groceries, schools; we support nonprofits; and we harness the power of our employees’ engagement.”
JPMorgan Chase doesn’t just do business in
communities all over the world. We live and
work in those communities. We are a part
of them and they are a part of us. We send
our kids to local schools, participate in local
cultural events, volunteer at local hospitals
and support local charities.
So nothing is more natural for us than to
find ways to support those communities.
That is why we embrace a comprehensive
Made $1.4 billion
in loans and nearly
$1 billion in equity to build
or preserve more than
19,500 units of
affordable housing
approach to community development. Doing
so maximizes the impact our capital and
expertise can have in our communities. We
start with affordable and high-quality housing
since it’s the backbone of any neighborhood
and has been a major focus of our work,
especially in low-income communities.
But housing alone is not enough to make
a community a place where people thrive,
so JPMorgan Chase looks for opportunities
Priscilla Almodovar, Head of Chase Community Development Banking
to support healthy food, community-based
healthcare, schools and small businesses.
Thanks in part to that kind of hands-on,
sustained engagement, we are building
safe and affordable housing, helping more
children get the education they deserve,
providing essential services, and keeping
our towns and cities safe.
This approach includes supporting a range
of affordable housing options, investing in
Donated more than
$200 million to nonprofit
organizations across 28
U.S. markets and more
than 25 countries
in 2011
2011 CORPORATE RESPONSIBILITY REPORT 17