Supporting Women’s Economic Empowerment
While Women's History Month is a valuable moment to think about creating pathways to economic prosperity for women, it's just that – a moment. It's important that we support organizations and initiatives that are doing work each and every day to ensure that women are armed with the knowledge and tools they need to be financially savvy and economically independent.
One in three women lives in poverty or on the brink of it. That's 42 million women who struggle to make ends meet.
We understand the important role that women play in promoting the stability and prosperity of our communities and the economy, which is why we are committed to helping women achieve financial security and economic success.
This is why we are proud to partner with the Corporation for Enterprise Development, or CFED, to close the wealth gap for women. Specifically in 2015, with our support, CFED is launching an ambitious initiative to integrate financial capability services into the education, health care, public assistance and housing systems that women use.
They are building the capacity of community organizations to provide women financial coaching and tools to increase savings, improve credit and build assets. Through intensive peer learning, one-on-one technical assistance and networking, they will help these organizations increase their capacity to deliver high-quality, effective financial capability services to reach approximately 40,000 women. Our support of CFED is a part of the firm's commitment to help individuals and families achieve financial security and improve economic opportunities.
We also launched a special giving campaign and matched employee donations of up to $150,000 in total throughout Women's History Month to four organizations -- CFED, Girls Inc., UN Women's Fund for Gender Equality and City Gateway in the United Kingdom -- all of which support women's economic empowerment.
Sally Durdan is the Executive Vice President and Head of Strategy for Chase Consumer & Community Banking (CCB). She joined JPMorgan Chase in November 2004, and currently is the Executive Co-Sponsor of WIN, the JPMC employee networking group for women.