2011 Corporate Responsibility Report - JPMorgan Chase

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20 “This bond sale allows Children’s Hospital to fund one of the largest construction projects currently underway in Philadelphia. Our ongoing expansion is anticipated to create significant constructionrelated jobs, additional economic and community benefit to the city, and most important — a higher level of care for children.” Steven M. Altschuler, MD, CEO, Children’s Hospital of Philadelphia JPMORGAN CHASE & CO. BRINGING HEALTHCARE TO THE UNDERSERVED In addition to housing, we believe sustainable communities need quality healthcare services. That is why in 2011 we provided $664 million in capital for hospitals in impoverished urban areas and rural communities — both of which can suffer from a lack of quality communitybased healthcare or limited choice in healthcare providers. Children’s Hospital of Philadelphia – Philadelphia, PA We served as the senior manager on the financing of a $30 million, 52,000-squarefoot facility that will provide top-quality pediatric care and community programs. Partners HealthCare – Boston, MA We provided $331 million of funding to Partners HealthCare, a nonprofit healthcare system that is committed to providing patient care, research, service and teaching in the community. Codman Square Health Center – Boston, MA Chase provided an equity investment of nearly $5 million that, combined with other funding, enabled Codman Square Health Center to increase capacity from the current 98,000 annual visits to 130,765 annual visits, serving an additional 7,000 patients. Community Health and Social Services Center (CHASS) – Detroit, MI Financing from Chase and other supporters is helping CHASS, which provides quality primary healthcare at multiple sites in Southwest Detroit, to build a new 48,000-square-foot medical facility adjacent to the existing building. Chase made a $4.9 million equity investment to help fund the construction of this facility. Variety Care Lafayette Clinic – Oklahoma City, OK With a $3.5 million equity investment from Chase, Variety Care is rehabilitating and expanding its clinic in Oklahoma City, allowing the clinic to serve approximately 20% more clients while decreasing its long-term operating expenses. Global Alliance for Vaccines and Immunizations – Worldwide In 2011, J.P. Morgan donated £1.5 million to the Global Alliance for Vaccines and Immunization, a public-private partnership dedicated to saving children’s lives and protecting people’s health by increasing access to immunization in the world’s poorest countries. Our donation was matched by the U.K. government’s newly created matching fund, bringing the total to £3 million.
STRENGTHENING FOOD SECURITY Produce department of a Kroger Food4Less store, which brings fresh food to underserved communities. Around the world, almost one in seven people do not have enough food, and in the U.S. there are neighborhoods with little or no access to grocery stores or healthy foods. To help address the problem of hunger and food security, we have been applying our expertise and resources, giving $14 million to help the nearly 49 million Americans at risk of hunger and providing access to $123 million in funding to support food banks and nonprofits with hunger relief missions over the past 10 years. Residents in many underserved communities across the country face “food deserts” with limited access to healthy, affordable food. In recent years, more attention has been focused on how inadequate food access affects the longterm health and well-being of residents. A number of initiatives are underway to help increase access to food. JPMorgan Chase is proud to be part of this growing movement to bring a greater variety of food choices into underserved communities. Below are some highlights of our work in 2011: CALIFORNIA FRESHWORKS FUND Chase committed $32.5 million in funding for the California FreshWorks Fund, an innovative $200 million public-private partnership loan fund created to increase access to healthy, affordable food in underserved communities. KROGER In two different markets, Chase’s support is helping The Kroger Co., one of the nation’s largest grocery retailers, expand retail food distribution and bring new economic opportunities to underserved communities. In Los Angeles, Kroger recently expanded local grocery store access through four, low-cost Food4Less grocery stores in distressed communities, where Chase invested $7.8 million in NMTC equity. In an underserved Dallas community, Chase made a $3.6 million NMTC equity investment to help Kroger finance the New Market Tax Credits (NMTC) is a federal tax program that provides tax credit incentives to investors for equity investments in real estate projects in low-income communities. Chase has facilitated more than $900 million in projects in 2011 alone. In early 2012, we received $100 million in the latest round of awards, the largest granted to more than 70 organizations this year. This award will allow us to continue to grow our commitment to community development. 2011 CORPORATE RESPONSIBILITY REPORT 21
Page 1 and 2: 2011 CORPORATE RESPONSIBILITY REPOR
Page 3 and 4: GIVING CONSUMERS NEW TOOLS • Beca
Page 5 and 6: JPMorgan Chase has always taken res
Page 7 and 8: TABLE OF CONTENTS Growing The Econo
Page 9 and 10: GROWING THE ECONOMY “Through the
Page 11 and 12: In Tyler, Texas, Mentoring Minds, a
Page 13 and 14: where the recession took an outsize
Page 15 and 16: education courses, adult literacy o
Page 17 and 18: “Today, there are 2.7 million imm
Page 19 and 20: STRENGTHENING OUR COMMUNITIES “We
Page 21: With $14 million in financing, we h
Page 25 and 26: to deliver solutions to underserved
Page 27 and 28: TRANS4M Boyle Heights - Los Angeles
Page 29 and 30: IN 2011, THE CORPORATE CHALLENGE SE
Page 31 and 32: HONORING OUR MILITARY AND VETERANS
Page 33 and 34: to every military applicant within
Page 35 and 36: COLLABORATION AND PHILANTHROPY We a
Page 37 and 38: “JPMorgan Chase provides valuable
Page 39 and 40: GIVING CONSUMERS NEW TOOLS “We wa
Page 41 and 42: − Chase customers can send money
Page 43 and 44: HELPING HOMEBUYERS AND HOMEOWNERS
Page 45 and 46: modification, we offer borrowers al
Page 47 and 48: an integral part of the 2012 Super
Page 49 and 50: SUPPORTING EDUCATION “JPMorgan Ch
Page 51 and 52: purchasing a building to renovate o
Page 53 and 54: universities participating in the I
Page 55 and 56: GIVING TO GLOBAL EDUCATION The JPMo
Page 57 and 58: VOLUNTEERISM IN MENTORING, TUTORING
Page 59 and 60: PROMOTING ENVIRONMENTAL SUSTAINABIL
Page 61 and 62: PUBLIC RESPONSIBILTY COMMITTEE OF T
Page 63 and 64: the suitability of the assets and c
Page 65 and 66: that sources sustainably and whose
Page 67 and 68: GREENHOUSE GAS EMISSIONS Scope 1 Di
Page 69 and 70: HELPING OUR PEOPLE SUCCEED “We be
Page 71 and 72: including newly hired employees. We
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ongoing efforts to strengthen the f
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We actively recruit a diverse slate
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over the next two years as part of
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GOVERNANCE, ETHICS, AND ENGAGEMENT
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CODE OF ETHICS FOR FINANCE PROFESSI
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development, revitalization of low-
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Profile Disclosure REPORT PARAMETER
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l EC1 Profile Disclosure ECONOMIC D
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l EN12 Description of significant i
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Training and Education l LA10 Avera
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Profile Disclosure l SO1 SOCIETY De
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Profile Disclosure FINANCIAL SERVIC
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ABOUT JPMORGAN CHASE & CO. JPMorgan
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Copyright © 2012 JPMorgan Chase &
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2011 Corporate Responsibility Report - JPMorgan Chase

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