JPMorgan Chase Announces $1 Million Investment in Higher Education Programs
for U.S. Military Veterans
JPM Executive Maureen Casey Testifies Before House Committee on Veterans
NEW YORK -- January 28, 2014
JPMorgan Chase & Co. (NYSE:JPM) announced today it will invest $1 million to
fund higher education programs for U.S. military veterans including grants to
Florida State College at Jacksonville, University of South Florida, The
University of Texas at Arlington and San Diego State University.
“Education is a path to sustainable employment as well as family and financial
stability,” said Maureen Casey, the firm’s Director of Military and Veterans
Affairs. “By supporting educational opportunities for veterans and their
families we will cultivate and empower the next greatest generation.”
Casey will discuss the college grants during her testimony today before the
House Committee on Veterans Affairs. The hearing will showcase the private
sector’s successful initiatives in hiring veterans – and highlight what the
federal government can learn from them. Education is a key component of
JPMorgan Chase’s veterans employment strategy.
Many veterans face unique challenges in educational settings related to their
military service, family status and attendance as non-traditional students.
JPMorgan Chase’s education grants will help U.S. colleges build programs for
veterans on campus, including orientation and bridge programs, student
services and enhancing the classroom experience with the ultimate goal of
increasing retention and graduation rates.
Experts from JPMorgan Chase and Syracuse University’s Institute for Veterans
and Military Families (IVMF) will provide technical assistance to the grantees
and will help develop best practices to share with other higher education
JPMorgan Chase’s $1 million investment builds upon the company’s existing
commitment to veteran education. In 2011, the company and the university
co-founded the Institute for Veterans and Military Families (IVMF), the first
national center in higher education focused on social, economic, education and
policy issues affecting veterans and their families post-service.
The Institute and JPMorgan Chase also launched the Veterans Career Transition
program, a tuition-free program for post-9/11 veterans and military spouses to
help with their transition back to civilian life. The program offers three
tracks with certification opportunities: technology and operations, human
resources and professional skills studies.
JPMorgan Chase recognizes the tremendous sacrifices that military members and
their families have made on behalf of all Americans. As a result, the company
has developed a firm-wide strategy focused on employment, housing and
education for returning veterans.
In early 2011, JPMorgan Chase and 10 other companies launched the 100,000 Jobs
Mission, pledging to hire a total of 100,000 veterans by 2020. Since then, 120
more companies from nearly every sector of the U.S. economy have joined in,
hiring 117,439 U.S. military veterans in less than three years. The companies
have now doubled their commitment – to hiring 200,000 by 2020.
JPMorgan Chase itself has hired more than 6,300 veterans since 2011. It has
also provided more than 630 mortgage-free homes, amounting to more than $102
million, to military families through its non-profit partners. The bank
refurbishes each home to meet the unique needs of the veteran.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm
with assets of $2.4trillion and operations worldwide. The Firm is a leader in
investment banking, financial services for consumers and small businesses,
commercial banking, financial transaction processing, asset management and
private equity. A component of the Dow Jones Industrial Average, JPMorgan
Chase & Co. serves millions of consumers in the United States and many of the
world’s most prominent corporate, institutional and government clients under
its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.
Shannon O’Reilly, 212-270-0563
Tim Keefe, 302-552-0529
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