From startups to legacy brands, you're making your mark. We're here to help.
Key Links
Prepare for future growth with customized loan services, succession planning and capital for business equipment.
Key Links
Institutional Investing
Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.
Key Links
Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.
Key Links
A uniquely elevated private banking experience shaped around you.
Whether you want to invest on your own or work with an advisor to design a personalized investment strategy, we have opportunities for every investor.
Explore a variety of insights.
Key Links
Insights by Topic
Explore a variety of insights organized by different topics.
Key Links
Insights by Type
Explore a variety of insights organized by different types of content and media.
Key Links
We aim to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries.
Key Links
BRG – JPMC – Meals on Wheels San Francisco – Transcript
[introspective music]
Ashley:
Meals on Wheels is an organization that makes sure that no senior goes hungry or is alone.
Nicole:
You just see the need growing.
Ashley:
It's really off the charts and a hidden crisis. In 2007, we were making about 523 meals in the building that we currently are located. And now we're making almost 2.2 million meals a year in a place that was never meant to make 2.2 million meals.
Christine:
How do we do more? How do we continue to allow these seniors in a very expensive city to have the ability to maintain their dignity, their independence, and live on their own?
Nicole:
Ashley and I got connected, we talked about what is now the Meals on Wheels new commercial kitchen. Chase served as a New Markets Tax Credit Investor. We provided about $8 million of tax credit subsidy, and that's huge for projects of this size.
Ashley:
What this is going to do beyond capacity is just to put us in a completely different league of both improving quality and choice for our clients. And possibly being able to help others fulfill their mission through food.
Christine:
How do I connect more people to Meals on Wheels so that more and more people are aware of the organization because they're doing great things and they continue to do big things.
Nicole:
It certainly was special to know that there was going to be a permanent home for Meals on Wheels, an organization that provides so much support for the city of San Francisco.
END
For thousands of people in the Bay Area, being homebound is nothing new. For years, a vulnerable aging population has been unable to safely and confidently leave their homes due to health issues.
Over the past 50 years, Meals on Wheels San Francisco has worked tirelessly to serve older adults who have limited financial resources to maintain good nutritional health. Many live alone, having outlived family members and friends. Nutrition, along with wellness and safety checks, are key to helping seniors live independently and with dignity in their homes for as long as safely possible.
More than ten years ago, the organization began looking for a new space that would allow them to meet growing demand.
“In 2007, we were making about 523,000 meals … and now we’re making almost 2.2 million meals a year,” said Ashley McCumber, CEO and executive director of Meals on Wheels San Francisco.
To meet this expanding need, McCumber connected with Nicole Boone, VP, Community Development Banking at JPMorgan Chase.
Boone and McCumber worked together to secure space for a new, 36,000-square-foot commercial kitchen and food production facility.
“Chase served as the New Markets Tax Credits investor,” Boone said. “We provided about $8 million of tax credit subsidy and that is huge for projects of this size.”
The new space allows the organization to more than double its production output to more than 30,000 meals daily and provides services to a growing population of older San Franciscans with home-delivered meals and expanded outreach during the COVID-19 pandemic.
Between March and June 2020, Meals on Wheels San Francisco saw a 246% increase (more than 1,300 individuals) in people applying for deliveries in the Bay Area. In its existing kitchen, the organization went from daily production of 8,000 meals to 10,000 meals, ensuring services to 3,600 older adults and adults with disabilities each day.
This year’s increase in deliveries is tied to hundreds of families who needed toquarantine as a result of one or more members contracting COVID-19.
On top of serving nutritious meals and helping people maintain healthy eating habits, McCumber’s team helps address social isolation for seniors who may not see or speak to another person daily were it not for their meal delivery.
"Part of our mission is to reduce isolation and build ongoing trust. COVID-19 flipped this. In some cases, we’re able to check in on people from a safe distance, but even social visits are now done by phone."
— Ashley McCumber, CEO and executive director of Meals on Wheels San Francisco
To continue the effort to reduce isolation, in June, McCumber’s team started a voluntary phone call program as well as a volunteer grocery shopper program that to date is serving the needs of nearly 60 homebound seniors in need.
Like organizations around the world, Meals on Wheels San Francisco has been forced to pivot.
“From the beginning we knew that if we take care of our people then they can take care of our clients,” McCumber said.
They’ve leaned into the challenge from the beginning. Keeping their employees healthy and safe has been a priority since the virus took hold. For employees who have been unable to work from home, Meals on Wheels has made sure they have protective equipment like masks and hand sanitizer as well as enough space to work in a socially distant manner. Bysupporting their employees and volunteers, Meals on Wheels has been able to keep everyone safe while not missing a single meal delivery.
For a team that has been working their current kitchen to its functional limit, moving to a bigger space with larger equipment will be a welcome change.
Learn more about Meals on Wheels San Francisco at: MOWSF.org
Real Estate
When is the right time to buy a second home?
Aug 27, 2024
Buying a second home is a big step on your real estate journey. To determine when the time is right, look at your finances, motivations for buying and the housing market.
Real Estate
Florida’s top affordable housing issues
Aug 23, 2024
The Sunshine State has seen an increase in new businesses and population in recent years, which puts more pressure on affordable housing. Learn how developers are addressing the housing crisis.
Real Estate
Three reasons we see a potential comeback in commercial real estate
Aug 22, 2024
Yes, there have been scary headlines about half-empty downtowns. But we analyze the fundamentals, and they tell a very different story.
3:31 - Real Estate
Housing and healthcare: An innovative combo
Aug 20, 2024
Downtown Emergency Service Center’s Hobson Place combines affordable housing with an on-site health clinic to support Seattle’s most vulnerable residents.
3:37 - Real Estate
Oakland’s Fruitvale Transit Village transforms community
Aug 15, 2024
The Unity Council revitalized Oakland’s Fruitvale neighborhood with an innovative transit-oriented development that puts the community’s needs first.
Real Estate
Calculating net operating income in multifamily real estate
Aug 15, 2024
Net operating income is a metric that can help commercial real estate investors evaluate a property’s performance and estimate its value. Here’s how it works.
Real Estate
Aug 14, 2024
Learn from JPMorgan Chase commercial real estate leaders and stay up to date on the latest industry news and media coverage.
Real Estate
Housing that helps residents thrive
Aug 14, 2024
Corporation for Supportive Housing (CSH) catalyzes development of affordable housing that helps vulnerable residents thrive.
You're now leaving J.P. Morgan
J.P. Morgan’s website and/or mobile terms, privacy and security policies don’t apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan isn’t responsible for (and doesn’t provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan name.