# JPMorgan Chase Foundation

JPMorgan Chase Foundation is an Endowment / Foundation based in New York, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 383 Madison Ave Fl 41, New York, NY 10017-3217, United States
- **Founded:** 1969
- **Assets under management:** 438 (Altss estimate)
- **Website:** jpmorganchase.com
- **LinkedIn:** https://www.linkedin.com/company/jpmorgan-chase

## About

The JPMorgan Chase Foundation was established in 1969. It functions as the dedicated grantmaking vehicle for JPMorgan Chase & Co. Named leadership includes Chairman Peter L. Scher and President Carol Lake. Grant activity centers on education, workforce readiness, small business expansion, and community development. Capital flows through direct program support rather than fund commitments or co-investments. Confirmed activity includes a $1 million contribution to the Detroit Institute of Arts collection and a firm-wide $30 billion racial equity commitment. Geographic reach covers North America and selected international markets tied to JPMorgan Chase operations. Assets stood at $438 million before the 2024 Visa contribution that raised reported holdings above $1.2 billion. The foundation maintains relationships with PricewaterhouseCoopers for accounting and Mayer Brown for legal counsel. Recent operational steps include sponsorship of OECD Local Skills Week in June 2024. Governance ties the foundation directly to the parent bank through overlapping directors and a shared headquarters address, creating a corporate-controlled structure rather than an independent endowment.

## Sectors

- Education
- Community Development

## People

- Peter L. Scher — Chairman
- Carol Lake — President
- Joseph Tobias — Treasurer
- Jeremy Barnum — Director

## Questions

### Who runs investment decisions at JPMorgan Chase Foundation?

Carol Lake serves as President. Peter L. Scher serves as Chairman. Both hold concurrent senior roles at JPMorgan Chase & Co.

### Does JPMorgan Chase Foundation participate in fund commitments or only direct grants?

Activity centers on direct program grants and selected asset contributions such as the Detroit Institute of Arts pledge.

### How is JPMorgan Chase Foundation related to JPMorgan Chase & Co.?

The foundation operates as the corporate philanthropic arm with overlapping directors and direct funding from the parent bank.

## Related profiles

- [Oakwood Real Estate Partners](https://altss.com/profile/oakwood-real-estate-partners)
- [Minnesota & North Dakota Bricklayers and Allied Craftworkers Pension Fund](https://altss.com/profile/minnesota-north-dakota-bricklayers-and-allied-craftworkers-pension-fund)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/jpmorgan-chase-foundation

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology