J.P. Morgan Asset Management Commits $1 Million to Support Economic Opportunity for Underserved Youth and Single Mothers as Part of Empowering Change Program

 J.P. Morgan Asset Management Commits $1 Million to
Support Economic Opportunity for Underserved Youth and
Single Mothers as Part of Empowering Change Program

NEW YORK, PRNewswire -- J.P. Morgan Asset Management has announced a $1 million dollar commitment to support underserved students through commitments made by the Empower and Community Development Fund, a Donor-Advised Fund established by J.P. Morgan Investment Management Inc. (and administered by the Chicago Community Trust), to the United Negro College Fund (UNCF) and Youth Guidance, as well as to
support single mothers through Kingsborough Community College in Brooklyn, New York and Lee College in Houston, Texas.

This announcement, part of J.P. Morgan Asset Management’s February 2021 commitment to make a donation of 12.5% of its
annual gross revenue received from the management
fees on the Empower money market share class assets to the Empower Community Development Fund, a Donor-Advised Fund
that is committed to supporting community development, aligns with the firm’s broader commitment to preparing people for the future of work and closing the racial wealth gap.

UNCFs mission is to help minority students attend college, thrive, graduate and become leaders by offering scholarships and financial support. The firm has worked closely with UNCF to help build capacity for HBCUs and increase student success through increased access to critical resources like career pathways
programming and skills development.

Youth Guidance creates and implements school-based programs that enable children to overcome obstacles, focus on their education and succeed in school and in life, and partners
with the firm’s The Fellowship Initiative in Washington D.C. to provide hands-on academic, social and emotional support to young men of color in high school.

In addition, as part of the Firm’s broader Racial Equity Commitment, JPMorgan Chase has invested more than $100 million in 16 diverse-owned and led financial institutions
that collectively serve more than 90 communities across 19 states and the District of Columbia. The firm has also waived Chase ATM fees for MDI customers and is providing ongoing training and support from the firm’s Advancing Black Pathways Fellows and
Service Corps programs. To learn more about how JPMorgan Chase is working to bridge the racial wealth gap, visit www.jpmorganchase. com/racialequity.

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