JPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10017-2070
NYSE symbol: JPM
www.jpmorganchase.com

News release: Immediate ReleaseJ.P. Morgan Asset Management Commits $1 Million to Support Economic Opportunity for UnderResourced Students as Part of Empowering Change Program
Commitments made to Thurgood Marshall College Fund, Hispanic Scholarship Fund, Bethune-Cookman
University, and Hispanic Federation
NEW YORK, September 5, 2024 -- J.P. Morgan Asset Management today announced a $1 million
commitment to support under-resourced students through commitments made by the Empower andCommunity Development Fund. This announcement is part of the firm’s commitment to donate 12.5% of theannual gross revenue received from the management fees on its Empower money market share class tosupport community development.
The year’s annual donation will support four philanthropic organizations aligned with community
development efforts in the United States: Thurgood Marshall College Fund, Hispanic Scholarship Fund,Bethune-Cookman University, and Hispanic Federation.
Thurgood Marshall College Fund supports and represents more than 300,000 students attending
54 member schools, including public historically Black colleges and universities, historically Black
community colleges and predominantly Black institutions. The organization also connects highperforming students with scholarships and top-tier employment opportunities.

Hispanic Scholarship Fund empowers families by providing resources to successfully complete ahigher education, while also offering support services and scholarships. It strives to make college
education a top priority for families across the nation, and provides them with tools to excel.

Bethune-Cookman University funding will support the development of its new Small BusinessDevelopment Center, which will house the ‘Equipping Entrepreneurs for Success’ program. The
program’s goal is to develop an entrepreneurial community of innovators and creators for thebenefit of private and public sector entities across Volusia County and other areas of Florida.

Hispanic Federation is an advocacy organization with a mission to empower and advance theHispanic community, support Hispanic families, and strengthen Latino institutions. The organization
serves all communities, with projects focused on education, health, civic engagement, economicempowerment, disaster relief, immigration, and the environment.

"We're incredibly proud to commit $1 million as part of the Empowering Change program's annual donation
to non-profit organizations that align with our mission to prepare people for the future of work and promote
an inclusive economy," said Paula Stibbe, Head of Global Liquidity Sales at J.P. Morgan AssetManagement.
Established in 2021, Empowering Change and the Empower share class were developed to connect
institutional investors and diverse financial institutions to drive systemic change within underserved
communities. The Empower share class is offered across the firm's money market funds and available forPress Contact: JPM: Jamie Braverman jamie.braverman@jpmchase.comJPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10017-2070
NYSE symbol: JPM
www.jpmorganchase.com

News release: Immediate Release
distribution through J.P. Morgan Asset Management’s minority, veteran, and woman-owned financial
intermediary partners.
Under the Empowering Change program, J.P. Morgan Asset Management currently engages 14 Minority
Depository Institutions and Community Development Financial Institutions that operate nearly 100 bankbranches and oversee almost $10 billion in assets, according to FDIC research. Since its launch,
Empowering Change, through the Empower and Community Development Fund, has donated $2.6 million
to different non-profit organizations and the Empower share class has $9.5 billion in assets undermanagement, as of July 31, 2024.
"The Empowering Change program continues to provide community banks with revenue diversification,
helping them secure the resources needed to grow their loan portfolios, deepen their geographic reach,increase their branch network, enhance their digital offerings, and modernize their technologicalinfrastructure,” added Stibbe. “In the years ahead, these banks will continue to impact their local economiesand we know that this revenue source will be of great ongoing value both in helping these institutions
develop internally and in growing their lending footprint.”

About J.P. Morgan Asset Management
J.P. Morgan Asset Management is a global leader in alternatives, with over 60 years of experiencemanaging alternative investments, including real estate, private equity, private credit, liquid alternative
products, infrastructure, transport, hedge funds, and forestry. As of June 30, 2024, J.P. Morgan oversees
more than $400 billion in alternative assets. J.P. Morgan Asset Management manages over $89 billion inreal estate assets globally.
With $3.3 trillion in assets under management as of June 30, 2024, J.P. Morgan Asset Management serves
institutions, retail investors, and high-net-worth individuals across every major market globally. The firm
offers comprehensive investment management services in equities, fixed income, alternatives, and liquidity.
For more information, visit www.jpmorganassetmanagement.com. J.P. Morgan Asset Management is themarketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates
worldwide.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States, withglobal operations. As of June 30, 2024, JPMorgan Chase had $4.1 trillion in assets and $341 billion instockholders’ equity. The firm is a leader in investment banking, financial services for consumers and small
businesses, commercial banking, financial transaction processing, and asset management. Under the J.P.
Morgan and Chase brands, the firm serves millions of customers in the U.S. and many of the world’s mostprominent corporate, institutional, and government clients globally. For more information,
visit www.jpmorganchase.com

Press Contact: JPM: Jamie Braverman jamie.braverman@jpmchase.com