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JPMorganChase continues to invest in expanded wealth building opportunities through philanthropic support totaling $6.3 million to resolve title issues nationally, including in New Orleans, through legal assistance and estate planning services.
New Orleans
February 07, 2025
As part of the firm’s commitment to driving solutions for financial wealth building, JPMorganChase is doubling down on its investment to tackle the issue of heirs property, which is a property rights issue that presents significant barriers to homeownership and generational wealth building. Currently, there are estimated to be more than 444,170 heirs property parcels in the United States, totaling 9 million acres valued at over $41 billion. The firm’s philanthropic support is the latest in a broader effort underway to drive research, education, policy reform, and legal support to fortify property rights for homeowners and their heirs.
During a co-hosted reception in New Orleans with Players Coalition members and leading heirs property experts, JPMorganChase announced $6.3 million in philanthropic capital to 11 nonprofit organizations committed to resolving heirs property issues across the United States. This includes $300k to People’s Housing+ in New Orleans, which will help People’s Housing+ provide technical assistance and legal services to families in order to resolve title and ownership issues on inherited property.
The Players Coalition also announced a $500,000 grant commitment to support efforts advancing Black generational wealth across the country, including an initial $100,000 investment in Louisiana to support efforts by Louisiana Appleseed, Southeast Louisiana Legal Services, and Acadiana Legal Service Corporation to address heirs property issues.
The problem of heirs property occurs when a homeowner dies without a will and their property is informally inherited by multiple descendants. This often leads to legal challenges or forced sales that strip families of the equity built in their home. These consequences are felt by families in both rural and urban areas and disproportionately impacts those who have lower levels of wealth or income.
"Today’s heirs property announcement is part of our broader strategy to boost housing affordability, build wealth and contribute to vibrant, thriving communities," said Nia Hope, Chief of Staff, Corporate Responsibility at JPMorganChase. "By addressing the complex challenges of heirs property through policy, philanthropic and business solutions, we want to help families in New Orleans and across the country preserve their generational wealth and empower them to secure a legacy of financial stability.”
"Tackling heirs property issues isn’t simply about preserving land. It’s about restoring agency to families and safeguarding assets for future generations,” said Malcolm Jenkins, Players Coalition Co-Founder. “Through our work with JPMorganChase and community partners, we’re proud to help equip families with the tools to hold onto their homes and transform generational wealth from aspiration to reality—one legacy at a time."
Today’s announcement builds on the initiative JPMorganChase launched last year to leverage the firm’s policy expertise and advocacy efforts, which includes support for the Uniform Partition of Heirs Property Act (UPHPA), philanthropic investments and business tools to support family wealth preservation.
In addition to the $300k grant to People’s Housing+, JPMorganChase supports the following grantees:
For more information about JPMorganChase's commitment to addressing heirs property issues, please visit jpmorganchase.com/heirs-property.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.0 trillion in assets and $345 billion in stockholders’ equity as of December 31, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at jpmorganchase.com.
Players Coalition is an independent 501(c)(3) (charity) and 501(c)(4) (advocacy) organization, working with professional athletes, coaches and owners across leagues to improve social justice and racial equality in our country. Founded in 2017 by NFL players Anquan Boldin and Malcolm Jenkins, Players Coalition continues to grow exponentially with representation from more than 1,500 athlete advocates across 12 professional leagues. For more information follow @playerscoalition on Instagram and Facebook and @playercoalition on X.
Gabriela Alba
Traci Otey Blunt
