JPMorgan Chase reports 10-year return on $200 million in Chicago philanthropic investments, including City Colleges of Chicago investment

JPMorgan Chase issued a report this week seeking to determine the return on $214 million in philanthropic investments it made over the past decade into developing underserved Chicago communities.

Juan Salgado, chancellor of City Colleges of Chicago, cited IBM’s announced commitment in April to hire at least 180 City College apprentice alumni over the next five years for its planned innovation center at the Illinois Quantum and Microelectronics Park.

“If we truly collaborate and we see this as an opportunity point, we’re going to create the entry-level opportunities for Chicagoans,” Salgado said. “We just have to make sure each company is looking for them in an intentional way.”

Read the full story in the Chicago Tribune.