Applications are now open for the AdvancingCities Challenge to drive systemic change in U.S. cities, helping support economic opportunity for more people by leveraging meaningful collaboration among private, public, and nonprofit leaders.
This year, JPMorgan Chase is evolving its AdvancingCities Challenge to source bold solutions that catalyze recovery and long-term prosperity for Black and Latina women, their families, and local economies.
Black and Latina women are the backbone of many of America’s cities – as consumers, homeowners, entrepreneurs, business owners, and essential workers in critical sectors affected by the COVID-19 pandemic.
However, longstanding racial and gender wealth gaps, coupled with impacts from COVID-19 have exacerbated disparities for Black and Latina women.
Through the Challenge, they are inviting communities to apply for up to $5 million to support innovative, sustainable solutions that drive wealth creation and economic success of Black and Latina women, which is foundational to building more equitable communities.
The proposals should address multidimensional, systemic challenges, leverage cross-sector leadership and collaboration, center the voice and lived experience of Black or Latina women, and drive systems change at the local level.
JPMC is soliciting proposals from collaborative seeking to:
- Address multidimensional, systemic challenges. Proposals should describe how collaborative members will implement effective, intersectional solutions that will alter, align, or influence at least two opportunity systems, described as wealth accelerators or decelerators in the Wealth Creation Framework on the official website. At least one system should fall within JPMC’s philanthropic focus areas: jobs and skills, financial health, small business, and/or neighborhood development.
- Leverage cross-sector leadership and collaboration. Proposals should demonstrate how business, government, philanthropy, nonprofit, anchor institutions, and other community organizations will coordinate and deploy their unique resources, expertise, and decision-making authority to drive systemic change.
- Center the voice and lived experience of Black and/or Latina women. Proposals should demonstrate commitment to diversity, equity, and inclusion in their design and approach. This includes having Black and/or Latina women lead efforts to develop and implement solutions across the partner organizations and sharing power with nonprofits most proximate to priority communities with deep cultural competence and expertise.
- Drive systems change at the city level. Proposals should articulate how partners will deploy solutions that depart from “business as usual” practices and policies; and move beyond short-term outcomes to transform and better integrate systems to spur wealth creation for low- and moderate-income Black and/or Latina women. Examples of key systems changes that JPMC aims to stimulate and support include:
- Active collaboration between public, private, and nonprofit actors to achieve common goals;
- Improved coordination of actors within opportunity systems through collective impact, systems mapping, and other coordination approaches;
- Stronger and higher quality engagement of the business community or anchor institutions to leverage new resources, sustain systems changes and service provision;
- New ways of thinking and working together that improve efficiency, reduce redundant service delivery, and take advantage of economies of scale; and
- Easier access to services by those who need them.
The lead organization within the collaborative must:
- Be incorporated or organized in the United States or its territories, have been duly organized and validly exist, and maintain a primary place of business in the United States.
- Be a not-for-profit organization exempt from federal income taxation under Section 501©(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and classified as a public charity under Code Sections 509(a)(1) or 509(a)(2);
- Have demonstrated expertise in the community and oversight that corresponds with the intended geography;
- Show a track record of strong financial management, including a clean audit;
- Have strong organizational leadership and management, including demonstrating a commitment to diversity and inclusion within the organization, particularly at the senior staff and board levels;
- Target activities within at least one Eligible Market;
- Achieve all deliverables outlined within a three-year time frame;
- Engage in various learning and impact assessment activities including regularly reporting information and outcomes to JPMC and JPMC’s national evaluator Abt Associates.
- Participate in peer-learning activities, and fulfill all reporting requirements outlined in the application and grant agreement.
For more information, visit https://www.jpmorganchase.com/impact/communities/advancingcities/advancingcities-challenge