Jp Morgan Chase Foundation
- Assets
- $302.0m
- Revenue
- $256.9m
- Investments
- $9.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1969
- Data as of
- 12/2019
- EIN
- 23-7049738
Organization Overview
Jp Morgan 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.
For the year ending 12/2019, Jp Morgan Chase Foundation generated $256.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $238.5m during the year ending 12/2019. While expenses have increased by 7.1% per year over the past 5 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, Jp Morgan Chase Foundation has awarded 40,312 individual grants totaling $1,464,073,142. 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 |
|---|---|---|---|
Karen Keogh Director And Vice Chairman | 10 | $0 | |
Lynn Casper Through 1232019 Director And Treasurer | 12 | $0 | |
Ingrid Miller Secretary | 24 | $0 | |
Carol Lake Senior Vice President | 20 | $0 | |
Leonard A Lombardi Through 612019 Assistant Treasurer | 2 | $0 | |
Irene Baker Vice President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000,000 |
| Interest on Savings | $5,799,520 |
| Dividends & Interest | $346,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $731,552 |
| Total Revenue | $256,877,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $148,133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,452 |
| Total operating and administrative expenses | $178,600 |
| Contributions, gifts, grants paid | $238,324,967 |
| Total expenses and disbursements | $238,503,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $292,361,879 |
| 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 | $9,640,081 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,468 |
| Total assets | $302,020,428 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $124,114,557 |
| 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 | $124,114,557 |
Grants Awarded
Over the last fiscal year, Jp Morgan Chase Foundation has awarded $324,526,214 in support to 4,891 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, MD PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $4,077,500 |
EDUCATION STRATEGY GROUP LLC PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $4,000,000 |
Silver Spring, MD PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $4,000,000 |
San Francisco, CA PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $3,840,000 |
Washington, DC PURPOSE: IN SUPPORT OF CAPACITY BUILDING | $3,500,000 |
Dallas, TX PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $3,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jp Morgan Chase Foundation has recieved totaling $2,000,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: DONOR ADVISED FUND | | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $11,911,586,700 | $577,007,685 |
Simons Foundation Inc New York, NY | $4,015,531,241 | $523,660,840 |
Faculty Practice Foundation Inc Boston, MA | $86,602,730 | $418,419,019 |
Rockefeller Foundation New York, NY | $4,929,907,452 | $337,487,726 |
Jp Morgan Chase Foundation New York, NY | $302,020,428 | $256,877,839 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $236,871,100 |
Blavatnik Family Foundation New York, NY | $174,076,094 | $21,540,793 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,301,673,237 | $225,656,936 |
Adelson Family Foundation Needham, MA | $522,108 | $116,767,506 |
Druckenmiller Foundation New York, NY | $1,273,919,839 | $136,579,901 |
Doris Duke Charitable Foundation Inc New York, NY | $1,930,470,080 | $113,349,408 |
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |