The London Community Foundation is today announcing a new partnership with JPMorgan Chase to support BME-led grassroots organisations in London.
JPMorgan Chase is committing £2 million to support BME-led organisations providing employment, enterprise and financial health support in the Capital.
In collaboration with other organisations, including The London Community Foundation, the J.P.Morgan Chase will help boost the resilience of London nonprofit organisations to deal with the increased demand for their services since the onset of COVID-19.
JPMorgan Chase & Co. is a leading global financial services firm in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
“The COVID-19 pandemic has had a disproportionate impact on the health and finances of Black and ethnic minority communities, highlighting and exacerbating structural barriers to economic opportunity,” said Viswas Raghavan, CEO of J.P. Morgan in EMEA. “As part of our global commitment to racial equity, JPMorgan Chase is focused on helping develop local, community-driven solutions to help historically underserved Londoners share in the benefits of an inclusive economy.”
“This is an important initiative for London’s communities as it seeks to invest in both BME-led frontline organisations, providing vital employment and financial health support, as well as the organisations that can support their resilience and voice,” said Kate Markey, CEO of TheLondon Community Foundation. “LCF is delighted to be partnering with J.P. Morgan on the programme at this time.”
JPMorgan Chase and The London Community Foundation will be seeking to collaborate with BME-led organisations to help lead the design and implement a programme that helps address economic disparity.
Further information on the initiative will announced shortly. In the meantime J P Morgan Chase is holding details of people or organisations interested in the Programme. Please email: inclusive.communities@jpmchase.com
“The COVID-19 pandemic has had a disproportionate impact on the health and finances of Black and ethnic minority communities, highlighting and exacerbating structural barriers to economic opportunity.”