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JPMorgan Chase & Co. Announces Expansion Of Intensive Academic And Social Enrichment Program For Young Men Of Color In New York, Chicago And Los Angeles

Stocks in this article: JPM

JPMorgan Chase & Co. today announced the expansion of The Fellowship Initiative (TFI) to Chicago and Los Angeles along with a new, larger class of Fellows in New York City. The Fellowship Initiative, first launched in New York City in 2010 as a multi-year pilot developed by JPMorgan Chase, enrolls young men of color in a comprehensive, hands-on enrichment program that includes academic, social and emotional support at a critical juncture in their lives to help them achieve personal and professional success.

Many young men of color from economically-distressed communities do not have access to the educational opportunities and support systems they need to succeed. It is well-recognized that Black and Latino students in New York City, Chicago and Los Angeles graduate from high school at rates well below those of their non-minority peers. At a minimum, future employability requires a high school degree, but real economic opportunity involves much more.

“These young men need access to high quality education and positive role models in and outside the classroom,” Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., will say today during an event with former Secretary of State General Colin Powell and former New York City Mayor Michael Bloomberg announcing the program expansion. “We want to raise their expectations for what they can achieve in life – and give them the tools for academic and personal success. The Fellowship Initiative is a smart investment in their individual futures and the future of our country.”

Beginning in 2010, JPMorgan Chase launched a pilot in New York City to see if the right combination of intensive academic and leadership training could help young men of color complete their high school education and gain admission to top colleges and universities. The pilot demonstrated that with a comprehensive enrichment program, these students were able to rise to the challenge, work hard and expand their personal and economic horizons.

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