AdvancingCities, an initiative of JPMorgan Chase & Co. and affiliates (“JPMC”), is a $500 million, five-year initiative to advance lasting solutions intended to give people career pathways and financial security, increase the growth and hiring of more small business owners, and create economically vibrant neighborhoods.
Donor Name: JPMorgan Chase & Co. (JPMC)
State: Selected States
City: Selected Cities
U.S. Territories: American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands
Type of Grant: Grant
Deadline (mm/dd/yyyy): 06/27/2022
Grant Size: $500,000 to $3 million
Grant Duration: 3 years
Details:
AdvancingCities will also channel JPMC’s resources—philanthropic capital, data, talent and expertise of their employees, and global platform—in key communities with a demonstrated ability to collaborate across sectors and implement complex solutions to promote inclusive growth.
The Annual Challenge (the “Challenge”), formerly known as the AdvancingCities Challenge, works to advance equity and economic opportunity through innovative, community-driven solutions. In response to the impacts of the COVID-19 pandemic, for the second year, the 2022 Challenge will focus on advancing wealth creation for low- and moderate-income women of color. Through the 2022 Challenge Call for Ideas, JPMC will seek solutions to catalyze change, drive equitable economic recovery from the pandemic, and tackle enduring drivers of racial and gender wealth gaps. JPMC will prioritize solutions that focus on women of color in their prime working and wealth building years (ages 16+).
Through this year’s Challenge, JPMC is soliciting proposals for innovative solutions that drive wealth building for low- and moderate-income women of color, where longstanding gaps in pay and wealth – coupled with other systemic barriers and the impacts from COVID-19 – have exacerbated their overall economic health and an uneven recovery throughout the country.
JPMC Focus Areas
- Equitable access to careers and skills for the future
- Building strong financial health and security
- Safe and affordable housing in thriving neighborhoods
- Parity in business performance for underrepresented small businesses
Funding Information
The 2022 Challenge will award three-year grants ranging from $500,000 to $3 million each to up to 10 individual organizations or partnerships working to catalyze change, drive equitable economic recovery from the pandemic, and tackle enduring drivers of racial and gender wealth gaps. Applicants from 20 geographic markets are eligible to apply.
Eligibility Criteria
To be eligible for the 2022 Challenge, applicants must:
- Be incorporated or organized in the United States or its territories, have been duly organized and validly exist, and maintain a primary place of business in the United States;
- Be a not-for-profit organization exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and classified as a public charity under Code Sections 509(a)(1) or 509(a)(2);
- Have demonstrated expertise in the community and oversight that corresponds with the intended geography;
- Show a track record of strong financial management, including a clean audit;
- Have strong organizational leadership and management, including demonstrating a commitment to diversity, equity and inclusion within the organization, particularly at the senior staff and board levels;
- Target activities within ONE of the eligible markets, listed below;
- Achieve all deliverables outlined within a three-year time frame; and
- Participate in peer-learning and impact assessment activities, and fulfill all reporting requirements outlined in the application and grant agreement.
For more information, visit JPMorgan Chase & Co. (JPMC).