SUPPORT FOR COMMUNITY COLLEGES AND NONTRADITIONAL STUDENTS A key part of our strategy for helping equip people with the skills to compete for well-paying and stable jobs is bolstering community colleges and making stronger connections between community college programs and employer needs. With open admissions policies and lower costs relative to other institutions, community colleges play an important role in creating pathways to economic mobility by providing economically and demographically diverse communities with access to career opportunities. In 2019, JPMorgan Chase committed $125 million in philanthropic capital to strengthen the capacity of community colleges across the U.S. In 2021, we also made an equity investment in Upswing, which is a virtual assistant and student services platform aimed at using technology to eliminate the gap in academic and nonacademic resources available to students. CAREER READINESS PROGRAMS Our Firm supports a range of programs aimed at expanding access to education, credentials and experiences that prepare young people, particularly those from underserved communities, for career success. Our Firm made a five-year, $17 million commitment in 2017 to help U.S. cities increase the number of young people with access to quality summer work experiences, equipping them with skills and helping put them on a path to greater economic mobility. As part of this, in 2021 we provided $3 million to summer youth employment programs in 20 U.S. cities to boost access to summer employment opportunities for young people. We are investing in career readiness efforts outside the U.S. as well. For example, in collaboration with the Sutton Trust, in 2021 our Firm launched a more than £4.8 million endowment fund to improve access to employment opportunities for underserved, low-income and Black and Minority Ethnic university students in the U.K., starting with 350 students in the next 10 years. Managed at no cost by J.P. Morgan Private Bank, the endowment will provide students with scholarships to help them access enrichment opportunities, such as internships, study abroad programs, volunteering experiences and additional courses and training, that contribute to positive employability outcomes. Alongside our financial support, a key focus of our employee volunteerism efforts around the world is supporting youth to prepare for future careers. 38 INTRODUCTION ENVIRONMENTAL SOCIAL Feature: Our Commitment to Racial Equity Diversity, Equity & Inclusion Human Capital Inclusive Growth GOVERNANCE ESG REPORT APPENDICES