Firm launches first Program-Related Investment with $5 million commitment to Vital Healthcare Capital

Nov 17, 2015

JPMorgan Chase & Co. has committed $5 million to Vital Healthcare Capital (V-Cap), an organization that seeks to invest in high-quality healthcare providers in underserved communities and to train and develop people to fill critical frontline healthcare jobs.  The firm’s New Skills At Work research identified healthcare as a major growth sector in significant urban markets throughout the United States, making this collaboration even more impactful.

This commitment represents the firm’s first Program-Related Investment, an alternative to traditional grant making that allows a foundation to recycle its capital by investing philanthropic dollars in charitable interventions that return principal and a modest level of return.

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