JPMorgan Chase invests $2.5M in student diversity, excellence at Ohio State
Investment will help Ohio State recruit, support and retain thousands of deserving students
COLUMBUS, Ohio – Building upon a more than 50-year history of successful partnership and meaningful collaboration, JPMorgan Chase recently announced a $2.5 million investment in two of Ohio State University’s signature programs that promote academic excellence for students from diverse backgrounds.
“Too many young people, particularly those from disadvantaged backgrounds, lack access to the right skills and education they need to get ahead,” said Corrine Burger, Columbus location leader and chief control officer for JPMorgan Chase’s Consumer and Community Bank and Asset and Wealth Management. “This investment is laser-focused on providing financial support and services to students from diverse backgrounds and pathways to good jobs. We’re excited to work with Ohio State to create opportunities for these students to have a bright and successful future.”
The Morrill Scholars Program is one of Ohio State’s premier scholarship programs, rewarding academically talented students who are actively engaged in diversity-based leadership, service and social justice activities. The Young Scholars Program (YSP) supports academically talented, first-generation college students with financial need to advance their goals of pursuing higher education. High school students must complete a rigorous college preparatory curriculum with high academic achievement to be eligible for YSP.
“JPMorgan Chase’s support of the Morrill Scholars and Young Scholars programs will change lives,” said Michael V. Drake, president of The Ohio State University. “This partnership between our institutions will create exceptional opportunities for our students both academically and professionally, and positively impact our shared Columbus community for many years to come.”
“The Ohio State University is one of the largest sources of talent for our firm, not just here in Columbus, but around the world,” said Burger. “We’re proud of the relationship we’ve established with Ohio State and are confident that these new programs will help bring an even more diverse set of talent into the workforce.”
The partnership between the bank and Ohio State spans more than 50 years and the firm has roots in Columbus that stretch back to 1868. Continued access to Ohio State’s best students, with a focus on cultural and intellectual diversity, makes this latest commitment a win-win, she said.
As part of the investment, leaders at JPMorgan Chase will serve as guest speakers in Ohio State classes, mentor and coach the scholars, and participate in their community activities as volunteers. The firm will also host events for the students at JPMorgan Chase locations.
“Major companies, such as JPMorgan Chase, understand the importance and significance of attracting top talent from diverse communities,” said James L. Moore III, Ohio State’s vice provost for diversity and inclusion and chief diversity officer in the Office Diversity and Inclusion (ODI). “Between these two scholarship programs, ODI serves nearly 2,000 collegiate and 700 pre-collegiate students from all walks of life. JPMorgan Chase’s gift will allow ODI to build on and, in some cases, expand its efforts in providing greater support to students, as well as extend more opportunities to enhance their academic profiles and future career competitiveness.”
In addition to the scholars’ programs, JPMorgan Chase has supported a wide array of initiatives at Ohio State, including long-time partnerships with Fisher College of Business and the College of Engineering, sponsorship of HackOHI/O, and founding partnership in Ohio State’s Center for Innovation and Entrepreneurship.
About JPMorgan Chase
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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Contacts: Ohio State -- Benjamin Johnson, 614-292-9681, johnson.7149@osu.edu
JPMorgan Chase -- Carlene Lule, 614-213-6545, carlene.c.lule@chase.com
