Many hedge fund managers and even financial institutions have their own foundations, which they use to dole out the millions (or billions) of dollars they make every year. One financial institution that invests in a small number of funds through its foundation is JPMorgan Chase.
Background on JPMorgan Chase Foundation
The JPMorgan Chase Foundation offers grants to support workforce readiness, expansions of small businesses, financial capability and community development. The foundation targets its support mostly in neighborhoods located around JPMorgan Chase’s major operations.
In 2024, grantees included the W Oscar Neuhaus Memorial Foundation, 180zone, 500 Festival Foundation, A Kid Again Inc., A New Way of Life Reentry Project, Abode Communities, Academy for Urban Scholars, Access, Accounting Aid Society, Adventurous Minds Produce Extraordinary Dreams, Amalgamated Charitable Foundation, American Council for an Energy Efficient Economy, Commit2Dallas, Parity Baltimore Incorporated, People United for Sustainable Housing Incorporated, The Careers and Enterprise Company Limited, The Urban Institute, and One Columbus Foundation.
According to the 990-PF for 2024, which was filed in June 2025, the JPMorgan Chase Foundation had $1.2 billion in assets at the end of the fiscal year. The foundation’s total net assets stood at $1.09 billion, up sharply from $304.9 million at the start of the year, reflecting an extraordinary inflow of contributions and investment gains during 2024.
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