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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The Social Enterprise Law Association (SELA), founded by Bea Hinton and Thea Sebastian, is a student-led organization at Harvard Law School designed to connecting the rift between the private and public sectors, while offering a space for students to transform their ideas into initiatives by applying their newfound legal skills to build meaningful careers.