Featured Donor of the Month
This year, a $1 million grant from JPMorgan Chase is helping thousands of low-income people increase savings, improve credit, and build assets by strengthening the capacity of Financial Opportunity Centers (FOCs) in nine LISC sites: Chicago, Cincinnati, Detroit, Houston, Indianapolis, Milwaukee, Peoria, San Diego, and the San Francisco Bay Area. This generosity supports the expansion of Twin Accounts, our credit building tool, and efforts to train FOC staff to better serve veterans. It also supports the collection and analysis of data to inform best practices as we expand the FOC network nationwide, including an evaluation of the FOC model and the impact on clients, released in April.
This grant to LISC is part of a broad national commitment by JPMorgan Chase to strengthen low-income communities by increasing economic opportunity. It also continues our strong partnership of more than 30 years.
“To help families struggling to manage their daily finances, we need to think beyond traditional financial literacy,” said Sally Durdan, head of Consumer & Community Banking Strategy at JPMorgan Chase. “Our partnership with LISC is an example of how we are working with leading community partners to provide families the tools and resources to manage their daily finances, weather emergencies and achieve their long-term financial goals.”
LISC also benefits from the valuable input of JPMorgan Chase employees, including Sally Durdan, who serves on our national board of directors, as well as Edward J. Sigler, from JPMorgan Chase’s Community Development Bank, who serves on the National Equity Fund’s board (a LISC affiliate and a leading national syndicator of low-income housing tax credits). The expertise shared on the national level is complemented by the on-the-ground guidance we receive from JPMorgan Chase employees in our local markets. Each LISC program site is supported by a Local Advisory Committee (LAC) composed of individuals from various backgrounds and professions. JPMorgan Chase is represented by 11 employees who are active members of LISC LACs across the country.
See previously featured donors
About LISC Fundraising
Community development is a dramatic example of what can happen when the goals and resources of the public, private and nonprofit sectors align. Since 1980, LISC has been able to combine the vision and the capacity of community-based organizations with the resources and expertise of the private sector, and the indispensable underpinning of supportive public policies to transform and rebuild low-income neighborhoods into healthy, sustainable communities of choice across our nation. Over the past 32 years, LISC has invested more than $12.9 billion for community development activities that build affordable homes, retail and community facilities and create new jobs. More than 3,100 donors, investors and lenders have contributed to LISC.