Jpmorgan Chase Foundation
- Assets
- $442.1m
- Revenue
- $155.8m
- Investments
- $287.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1969
- Data as of
- 12/2023
- EIN
- 23-7049738
Organization Overview
Jpmorgan Chase Foundation is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jpmorgan Chase Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Jpmorgan Chase Foundation generated $155.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $195.0m during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jpmorgan Chase Foundation has awarded 74,704 individual grants totaling $2,982,344,606. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Berry - Effective 5252023 Director And Vice Chairman | 0.8 | $0 | |
Demetrios Marantis - Resigned 51820 Director And Vice Chairman | 0.8 | $0 | |
Carol Lake Director And President | 20 | $0 | |
Joseph Tobias - Effective 5252023 Director And Treasurer | 12 | $0 | |
David Salaverry - Resigned 5242023 Director And Treasurer | 12 | $0 | |
Jeremy Barnum Director | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000,000 |
| Interest on Savings | $554,092 |
| Dividends & Interest | $13,683,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,474,100 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $942,067 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $155,763,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $194,612 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $560,118 |
| Contributions, gifts, grants paid | $194,393,456 |
| Total expenses and disbursements | $194,953,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $153,900,721 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $236,632,459 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,099,449 |
| Total assets | $442,059,290 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $137,177,364 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,177,364 |
Grants Awarded
Over the last fiscal year, Jpmorgan Chase Foundation has awarded $347,873,421 in support to 11,067 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF METROPOLITAN HOUSTON INC PURPOSE: GENERAL OPERATING SUPPORT | $20 |
06 UNITED INC PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
1 IN 7B FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $200 |
100 BLACK WOMEN COLUMBUS PURPOSE: GENERAL OPERATING SUPPORT | $125 |
100 CLUB OF ARIZONA PURPOSE: GENERAL OPERATING SUPPORT | $300 |
100 WOMEN IN FINANCE FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $40 |