JPMorgan Chase Investment

JPMorgan Chase Investment

Building upon a more than 50-year history of successful partnership and meaningful collaboration with Ohio State, JPMorgan Chase & Co. (JPMC) made a philanthropic investment of $2.5 million into ODI to promote academic excellence for students from diverse backgrounds.

Announced in January 2019, JPMC made Ohio State history with this gift, the largest corporate donation ever for ODI. The dollars support the Morrill Scholarship Program (MSP) and the Young Scholars Program (YSP).

As a result of the investment, JPMC leaders regularly serve as guest speakers in classes, volunteer in community activities and mentor and coach MSP and YSP scholars.

In addition, JPMC holds events for students from across campus at their company locations.

In partnership with ODI specifically over the years, a dedicated JPMC mentor held weekly office hours in ODI's building (Hale Hall) to answer students' questions about recruiting, student organization engagement, and more. This mentor also co-taught a credit-bearing workshop on financial wellness for ODI Scholars.

Other Benefits and Outcomes

  • JPMC has dedicated pages on ODI's website that display a multitude of job offerings.

  • Scholarship awardees mingled and networked with JPMC leaders during receptions and other boutique events.

  • The impact of the gift is published in ODI communications on a regular basis.

  • Also, according to JPMC data:

    • Ohio State has been the number one source for JPMC's internship talent globally in recent years.

    • Ohio State was the second largest source for Black interns in 2021 (behind Howard University).

    • The percentage of Ohio State JPMC interns who identify as Black has tripled since 2019 (16% for 2022).

    • The internship class of 2022 was 45% female.

Key Takeaways

The JPMC partnership demonstrates how transformational gifts toward ODI's overarching mission can result in measurable returns for the company. With creative stewardship and well-resourced staffing, ODI can offer tailored deliverables that support the needs of industry.