JPMorgan Chase has pledged $5 billion in "philanthropic capital and flexible low-cost loans" over the next five years. Wards 7 and 8 in Washington, D.C., will receive about $20 million of that.
"Business must do its part to help solve challenges facing customers and communities it serves," says the vice president of an investment bank. Early education and affordable housing for African-American and Latina families will be among the investments.
Another $5 million will be used to assist a coalition of organizations in developing wealth-building programs for minority developers. Read the Entire Article
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Many people, organizations and businesses in Miami are actively committed to philanthropy. As Javier Alberto Soto, president and CEO of the Miami Foundation, puts it, “Miami is home to a young, diverse demographic that’s looking for ways to get involved, ways to improve our community that aren’t traditional, like a formal gala.”