2011 Corporate Responsibility Report - JPMorgan Chase

an integral part of the 2012 Super Bowl
Legacy Project. The Chase Near Eastside
Legacy Center was completed in time for
Super Bowl Sunday 2012 and houses the
NFL’s Youth Education Town as well as
other education and wellness programs.
The 27,000-square-foot LEED-certified
building is the only fitness and education
center serving the 35,000 residents by
offering more the 260 hours per week of
family programming.
Orange, NJ
A small city just west of Newark, NJ,
Orange was until the early 1920s
known as the “Hat-Making Capital” of
the U.S. But like many Northeastern
cities, Orange’s manufacturers left for
more profitable opportunities in other
states. The result: stagnant private
sector investment, growing poverty and
crime, underperforming public schools,
inadequate affordable housing and fragile
neighborhoods. To make matters worse,
the foreclosure crisis struck Orange with
particular force: in Essex County, around
8% of all mortgages (twice the national
average) are in foreclosure.
For the past three years, JPMorgan Chase
has collaborated with neighborhood
groups and municipal leaders on a
comprehensive revitalization strategy
that calls for capitalizing on the region’s
rich cultural assets and converting
abandoned factories into residences,
theaters, galleries and restaurants. To
accomplish this vision, we are supporting
arts and culture organizations to foster
the creative economy; supporting
academic achievement; and working with
the community to return properties to
productive use.
In 2011, JPMorgan Chase gave more than
$1.6 million to partner organizations
involved in improving schools and
neighborhoods in Orange. On the
neighborhood front, these partners include
local nonprofit developer HANDS, Inc. and
New Jersey Community Capital (NJCC),
a statewide community development
financial institution. In the last three
years, NJCC has acquired 81 foreclosed
properties in Orange, Newark and nearby
towns, and helped HANDS and other
community-based groups develop them
into nearly 200 affordable homes.
JPMorgan Chase not only provided financial
support to Orange, we also brought in
other aspects of our business to help this
community. We engaged our Community
Revitalization Program team, which
provided technical assistance and support
for local foreclosure counseling services.
HOUSING VOLUNTEERISM
Dallas, Texas
JPMorgan Chase has
invested significantly in
Frasier Court, a Dallas,
TX, community, that
has long suffered from
issues related to poverty,
declining property
values and homeownership
instability. JPMorgan Chase employees
have helped to build Habitat for
Humanity homes in this community
since 2010. All together, 983 employees
have spent 7,440 hours serving our
community in Frasier Court.
Joplin, Missouri
In 2011, JPMorgan Chase
helped tornado victims
in Joplin, MO, rebuild
and heal. A $60,000
donation and volunteer
commitment from
several JPMorgan Chase
employees helped Habitat
for Humanity build 10 homes for
tornado victims in Joplin. The donation
was in addition to a $225,000 donation
JPMorgan Chase made to the tornado
relief efforts earlier in the year.
See Helping Our People Succeed for
more information on our employee
volunteerism.
2011 CORPORATE RESPONSIBILITY REPORT 45