Jul 13, 2015
New York — Inner-City Scholarship Fund and JPMorgan Chase & Co. today announced a $1 million scholarship endowment in memory of Jimmy Lee, the former Vice Chairman of JPMorgan Chase & Co. and former head of its Investment Bank, who passed away at the age of 62 in June. Jimmy was a devoted supporter of Inner-City’s mission to provide a quality Catholic school education to the children of New York.
The endowment, known as the “Jimmy Lee Fund,” will be used to help cover tuition for eligible low-income students attending inner-city Catholic high schools within the Archdiocese of New York. Established by a $1 million donation from JPMorgan Chase’s foundation, the scholarship will be offered through Inner-City, New York City’s leading non-profit organization providing tuition assistance for students going to these schools. The endowment builds on donations already provided by Jimmy’s friends, family and colleagues to the Inner-City Scholarship Fund following his death.