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Bank Sees Return on Chicago Philanthropic Investments

JPMorgan Chase released a report this month detailing the impact of $214 million in philanthropic investments made over nine years, hosting a roundtable Monday at Chase Tower to gather input from community beneficiaries.
Seeking to revitalize disinvested South and West neighborhoods, the bank allocated philanthropic capital to support affordable housing and economic growth, utilizing a mix of grants and low-cost loans since 2017.
The Resurrection Project is developing 125 single-family homes in the Back of the Yards neighborhood with over $10 million in bank funding; The Local Initiative Support Corporation turned $4.75 million in support into $16.5 million in lending capital for 23 loans.
JPMorgan Chase invested about $51 million in career training, including support for City Colleges students. Damion Heron, the bank's head of community engagement for Chicago, said the roundtable will inform "the next chapter" of philanthropic investing.
Leaders emphasized that long-term private investment and community collaboration are essential for neighborhood success. The roundtable will shape the bank's next chapter, creating entry-level opportunities for Chicagoans in revitalized communities.

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Montana Standard

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Center

Bank sees return on Chicago philanthropic investments

JPMorgan Chase invested $214 million over the past decade into developing underserved communities. Here’s what it learned.

19 hours ago

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Chicago Tribune

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JPMorgan Chase reports 10-year return on $200 million in Chicago philanthropic investments

JPMorgan Chase issued a report this week seeking to determine the return on $214 million in philanthropic investments it made over the past decade into developing underserved Chicago communities.

4 days ago·Chicago, United States

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