Corporate Responsibility in Italy
J.P. Morgan is committed to building vibrant communities, preserving our environment and promoting an inclusive culture across the globe that benefits people not only today, but for generations to come.
Globally, J.P. Morgan, through the JPMorgan Chase Foundation, provides grants to charities in three areas of focus: Education, Community Development and Arts & Culture. We prioritize our funding efforts to focus on responding to the deepening social need in the communities we serve. Across Italy our commitments include:
- Il Piccolo Principe
Soleterre ONLUS provides health and education services to primarily migrant children and women in conditions of desperate poverty. Soleterre plans and implements its interventions with the approach of co-development, a strategy that holds migrants as the main ‘agents of development’ for their communities of origin, from an economic, professional, and socio-cultural point of view.
J.P. Morgan will support the scale up of a job orientation and entrepreneurship vocational training program for migrant women in Milan. The program’s objective is to give women the ability to improve their employment opportunities whilst promoting their empowerment and self esteem to help them better integrate into society.
Atomi is a not for profit organization aimed at creating economic and social inclusion by supporting access to credit, especially for the immigrant population of Italy. It works to strengthen the relationship between individuals and families and financial institutions. PerMicro is a social enterprise specializing in microfinance. It was created in Turin in 2007 and is currently operating throughout Italy. Atomi and PerMicro have jointly been piloting “Business planning, access to credit and over-indebtedness risks” in Piemonte since December 2009, with the goal of reducing unemployment by promoting small business growth and financial education.
With support from J.P. Morgan, Atomi aims to scale up this program to include 5 new cities across Italy - Florence, Genova, Brescia, Bologna and Pescara – and scaling up and bringing on to this program an existing similar program in Milan funded by the City of Milan.
Il Piccolo Principe
Il Piccolo Principe was originally a project created by Fondazione Oliver Twist (Oliver Twist Foundation) in Milan. The aim of the project was to carry out a holistic program of community education specifically designed for the deprived children and young people in Gratosoglio, one of the most underprivileged areas in the city.
A donation from J.P. Morgan supported the scale up of Il Piccolo Principe’s program, Icarus, to bring on a remaining school in the suburb, ‘Scuola Media Arcadia’ – a middle school, into the program. The young children in the schools Icarus works with are just as diverse as the communities that inhabit Gratosoglio and the lack of integration within these communities has emulated into the schools.