JPMorgan recognises the importance of education in achieving the wellbeing and success both for the individual and for the entire community.

Partnering with schools and other non-profit organisations, JPMorgan provides financial and practical support for initiatives that broaden and deepen learning opportunities for young people to help them fulfill their potential.  Over a continuous period of time, the EMEA Education Programme aims to support young people from a variety of backgrounds by enabling the widening of access to university and further education as well as encouraging social mobility and promoting extended career options.  In 2007 the firm is donating over $3 million to educational initiatives within EMEA and is working in partnership with a wide range of non-profit organisations to help students prepare for and gain access to further education.

Donations

JPMorgan recognises the importance of education in building a stable and thriving economy that benefits every individual. As an example, JPMorgan has had a lasting relationship with CIDA in South Africa. Founded in 1999, the university provides a virtually free university education to hundreds of economically and socially disadvantaged South African students. The curriculum emphasises the development of truly empowered and integrated citizens who will become future leaders of the nation.  JPMorgan has been a long-term supportor through consistent general funding and is one of the lead sponsors of the new CIDA School of Investments which opened earlier this year in July.  The programme will leverage CIDA’s BBA degree and aims to equip students with financial expertise to enable them to consider the financial markets as a career of choice.   The firm has also funded a career centre and JPMorgan employees have volunteered their time and expertise to help build it.  JPMorgan employees will also be further involved with the CIDA School of Investments by giving lectures and helping to establish an Alumni Management Programme. 

Into University is an education scheme for young people who are most at risk of failing to meet their potential to go to university due to economic, social, cultural or linguistic disadvantage. In 2006 JPMorgan donated $100,000, enabling Into University to develop a new programme called The Apprenticeship Scheme.  Piloted in 2007, the scheme was an instant success as it gave access to the students, through a number of “apprenticeships” held over a ten week period, to the worlds of finance, law and advertising.  Further apprenticeships are planned for 2008. 

The Global Fund for Women is the largest grant-making foundation in the world focusing exclusively on advancing women’s rights internationally. The Fund supports women’s organisations through six key programme areas including increasing access to education and fostering social change.

JPMorgan is one, if not the longest standing, corporate supporter of the Global Fund for Women.  2007 has seen the firm further develop this association in EMEA by donating $100,000 to establish, in partnership with the Global Fund for Women, the JPMorgan EMEA Educational and Economic Fund for Women.  This new fund will specifically support education projects for women and young girls.  Projects supported by the fund could include; enabling access to education for teenage mothers in Kenya; skills development co-operatives for women in South Africa and education around domestic violence in Kyrgyzstan

JPMorgan School Mentoring Programme

Key to JPMorgan’s support of education is our employees’ involvement in partnership with the financial assistance the firm gives.  The JPMorgan School Mentoring Programme has continued to flourish since it started eight years ago. Through weekly lunchtime sessions, employees visit two local primary schools in Hackney to assist children with reading and maths skills. 

Local secondary school students visit their mentors at JPMorgan's offices where they are given assistance both with their academic studies and their personal development.  At the same time, through these regular sessions, they are given the opportunity to learn more about JPMorgan and investment banking, as a possible career choice. 

Continuing to demonstrate JPMorgan employees' dedication to making a difference to the lives of young people, over 200 employees are involved in the programme, supporting more than 300 students resulting in the firm donating of over $1 million worth of man hours each year to support our employees volunteering their time and expertise.

JPMorgan has been the lead corporate supporter of the ACDiversity Mentoring & Enrichment Programme which is an integral component of the JPMorgan School Menoring Programme.  Working with exceptionally bright students from African or Caribbean backgrounds, the ACDiversity Mentoring & Enrichment Programme provides mentors to support the students through the crucial years leading to their GCSE and A-level exams.  For the past three years, the firm has donated $100,000 each year to pay the running costs of the Summer School held in August at Oxford University.  A further $200,000 was donated to cover the costs for the Summer School in 2007 and 2008.