Friday, February 6, 2015
JPMorgan Chase Pledges $10 Million to Study Its Philanthropic Impact
JPMorgan Chase & Company is spending $10-million to answer a big question: Is its corporate giving making a difference?
The financial-services giant expects to commit $1-billion to philanthropy over the next five years and will pay the Urban Institute $10-million during that time to measure efforts that include a $250-million job-skills development program and a $100-million project to help revitalize the City of Detroit.
"We believe corporate responsibility includes a commitment to impact, measurement, and accountability, and this partnership helps reinforce those goals," said Peter Scher, head of corporate responsibility at JPMorgan Chase in a statement....