At J.P. Morgan Asset Management, we're committed to advancing equal opportunity. By harnessing the strength of our business and investment expertise, we've created an innovative program that brings new economic opportunities to underserved communities.
Connecting MDIs and diverse-led CDFIs with institutional investors
Designed to work with minority- and diverse-led financial institutions, this initiative enables qualified firms to offer J.P. Morgan’s full spectrum of money market funds, as well as distribute the Empower share class. This approach provides these partners with an attractive new revenue opportunity, and empowers them to deliver ongoing positive change in their communities. At the same time, corporate investors gain access to financial institutions that will support their socioeconomic goals.
MDI = Minority Depository Institutions
CDFI = Community Development Financial Institutions
Introducing the Empower share class
The new Empower share class will further the firm's commitment to local communities while also creating a new income stream for our Empowering Change partners, who will receive payment for services related to their investment. In addition, J.P. Morgan has committed to an annual 12.5% donation* of gross revenue received from the management fees on the Empower share class to support community development.
Call 1-800-766-7722 for a fund prospectus. You can also visit us online at www.jpmorganfunds.com. Investors should carefully consider the investment objectives and risk as well as charges and expenses of the mutual fund before investing. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing.
J.P. Morgan Institutional Investments Inc., Dealer Manager / Member FINRA.
*The annual donation will be made for the life of the Empower share class to the Empower and Community Development Fund, a Donor-Advised Fund administered by the Chicago Community Trust, that is committed to supporting community development to expand opportunities within underserved communities.
In accordance with our annual 12.5% donation, we are pleased to announce our 2024 commitment of $1 million dollars to support under-resourced students through commitments made by the Empower and Community Development Fund, a Donor-Advised Fund administered by the Chicago Community Trust.
Meet our partners
We are proud to partner with 14 MDI and CDFI banks across the United States. Below you will find short videos from a few of our partners that offer insight into their unique missions and what empowering change means to them (more partner videos coming soon).
Carver Federal Savings Bank
Founded in 1948, Carver Federal Savings Bank is one of the largest publicly traded and African-American managed banks in the United States. Carver Federal Savings Bank recognizes the humanity of their clients and is committed to giving back to the community through their work.
Carver State Bank
Since 1927, Carver State Bank has been serving Savannah, Georgia. Carver’s vision is rooted in the idea of financial freedom for all—hear more about how this generationally led institution is driving positive change in their community.
City First Bank
City First Bank was founded after the end of WWII to provide assistance to veterans that weren’t able to buy homes. Through entrepreneurial partnerships and a commitment to community, City First’s mission to provide aid to the underserved of Washington D.C. and Los Angeles is alive and well today.
First Independence
Michigan’s First Independence Bank was founded to provide financial independence for local communities of color. Today, First Independence provides opportunities for people to begin building generational wealth. Hear more from their team on how their bank has become a beacon of hope for both small businesses and individuals alike.
Harbor Bank of Maryland
The Harbor Bank of Maryland works to provide financial resources to underserved markets. Through their work, The Harbor Bank of Maryland has both lifted up their community and provided the tools necessary to perpetuate positive change in the city of Baltimore.
Industrial Bank
Started in 1934, Industrial Bank quickly became a neighborhood fixture known for sending the first children in a family to college, starting a first business, or making major financial life decisions. Nearly a century on, Industrial Bank is still making a difference in peoples’ lives through their mission to support and uplift their community.
Liberty Bank and Trust
Liberty Bank and Trust, has a primary focus on improving the financial standing of African American consumers. Hear from their President and CEO, Alden J. McDonald Jr. and others at the bank about their mission and the impact of Empowering Change.
M&F Bank
As the 2nd oldest African American bank in the US, M&F Bank, has a strong history of community presence and social impact servicing underserved communities. Learn more from their president and CEO, James H. Sills III, and other bank employees.
OneUnited Bank
OneUnited Bank was founded with the intention of creating a national bank for the Black community. Their mission, to close the racial wealth gap, is at the heart of the work they do. Hear from CEO & Owner, Kevin Cohee, as well as President and Owner, Teri Williams, as they discuss the important work they’re doing to allow the communities they serve to proper.
Optus Bank
Optus Bank has been serving their South Carolina community for more than a century. Central to their mission, Optus has provided the resources necessary to allow minority owned businesses to thrive. Hear more about their continued legacy.
Rio Bank
Rio Bank has been serving the multicultural community of McAllen, Texas since 1985. Hear from the Chairman of the Board, Daniel Vela, and the broader team, to learn more about their mission and how Empowering Change is driving meaningful impact in the Texas Rio Valley.
Sunstate Bank
Since 1999 Sunstate Bank has been a strong partner of their community in Miami, Florida. Meet the Sunstate team and hear about how being local, understanding the needs of their customers, and leveraging the Empower Share Class has led to lasting change.
Unity National Bank of Texas
Unity National Bank of Houston is the only African American owned banking institution in Texas. Hear from their CFO, Dippo Bello, as well as other members of the bank about their community impact and Empowering Change.