Jp Morgan Chase Foundation
- Assets
- $675.9m
- Revenue
- $488.4m
- Investments
- $509.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1969
- Data as of
- 12/2021
- 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. Jp Morgan 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 12/2021, Jp Morgan Chase Foundation generated $488.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $237.8m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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 54,831 individual grants totaling $2,266,855,461. 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
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $569,904,941 |
| Interest on Savings | $284,688 |
| Dividends & Interest | $1,808,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$83,722,047 |
| Capital Gain Net Income | $476,865,839 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $157,850 |
| Total Revenue | $488,434,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,658,275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,142 |
| Total operating and administrative expenses | $6,749,787 |
| Contributions, gifts, grants paid | $231,046,577 |
| Total expenses and disbursements | $237,796,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $166,475,621 |
| Net Accounts receivable | $1,000 |
| 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 | $509,244,209 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $135,319 |
| Total assets | $675,856,149 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $174,295,394 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $227,654 |
| Total liabilities | $174,523,048 |
Grants Awarded
Over the last fiscal year, Jp Morgan Chase Foundation has awarded $407,469,130 in support to 7,981 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN INSTITUTE OF LAND POLICY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $5,650,000 |
Indianapolis, IN PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $4,170,000 |
COMMIT2DALLAS PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $4,170,000 |
Denver, CO PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $4,170,000 |
Nashville, TN PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $4,170,000 |
EDVESTORS INCORPORATED PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $3,822,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jp Morgan Chase Foundation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Hawkins Family Foundation Houston, TX PURPOSE: SUPPORT PROGRAMS DESIGNED TO PROMOTE WORKFORCE READINESS; SMALL BUSINESS EXPANSION; FINANCIAL CAPABILITY; AND COMMUNITY DEVELOPMENT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert Wood Johnson Foundation Princeton, NJ | $14,837,880,900 | $1,125,174,588 |
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Genzyme Charitable Foundation Inc Bridgewater, NJ | $0 | $207,296,108 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA | $2,648,950,543 | $383,215,006 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Hillman Family Foundations Pittsburgh, PA | $2,323,141,190 | $264,701,739 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |