At JPMorgan Chase, we believe we have a unique and fundamental responsibility to help our clients and communities navigate a complex global economy and address their economic and social challenges. We use our strength, global reach, expertise, relationships, and our access to capital to make a positive impact in cities around the world. And every year, JPMorgan Chase and our employees donate significant amounts of time and money to help local charities.
In 2012, JPMorgan Chase and its Foundation gave more than $190 million to thousands of nonprofit organizations across 42 U.S. states, the District of Columbia, and 37 countries around the world. More than 43,000 employees provided 468,000 hours of volunteer service in local communities around the globe.
JPMorgan Chase works with community partners to create pathways to opportunity by supporting affordable housing, economic growth, workforce readiness, and financial capability in the communities where we do business.
In the United States, JPMorgan Chase invests in affordable housing opportunities that connect low- and-moderate-income people to economic opportunity. The firm supports program models that focus on reducing the cost of housing, improving the quality and safety of homes, preparing families for the costs and responsibilities of homeownership, and helping communities thrive.
At a time when job creation is critical to communities around the world, JPMorgan Chase works with community organizations, governments, and businesses of all sizes to help create jobs and prepare workers for the employment opportunities available in today's economy. The firm supports new businesses, helps grow and sustain existing ones, and attracts the investment needed to expand regional economies. We fund regional, state, and local economic development planning and make grants that provide small business owners with specialized technical assistance, increased access to capital, and other assistance to help their businesses grow.
We provide opportunities for individuals and companies to better compete in the global economy by supporting initiatives that help youth and adults acquire the knowledge, skills, and experiences needed to obtain jobs, as well as help employers access skilled employees.
To achieve financial stability and economic security, individuals must have the capabilities to manage their finances, plan, and save for the future. JPMorgan Chase seeks to help people not only acquire the knowledge and tools needed to understand their finances and budget accordingly, but also access the support they need to translate information into action and ultimately improve their financial security. By leveraging technology and consumer insights, the Foundation focuses on identifying and scaling products and services that help underserved households increase savings, improve credit, and build assets. We also seek to catalyze the development of the financial capability field by supporting and sharing best practices and strengthening the capacity of our nonprofit partners.
The Employee Engagement and Volunteerism Team at JPMorgan Chase works to match the interests and passions of its employees to meaningful and needed community service where the firm operates. Each year, thousands of JPMorgan Chase employees volunteer their time and expertise to help nonprofit organizations and people in underserved neighborhoods. JPMorgan Chase actively promotes volunteerism and service within the company through its Good Works program, which organizes skills-based and non-skills-based volunteer opportunities, grants, and a matching gifts program to charities of employees' choosing.