Title
Retroactive Authorization to Accept and Disburse Grant Funding from JPMorgan Chase & Co. (Ordinance S-47624)
Description
Request to authorize the City Manager, or his designee, to retroactively accept JPMorgan Chase & Co. grant funds totaling $150,000. Further request authorization to enter into an agreement with the Phoenix Parks Foundation to serve as the fiscal agent to receive these funds. Additionally, request to authorize the City Treasurer to accept, and the City Controller to disburse, all funds related to this item for the life of the grant.
Report
Summary
Since 2013, the City of Phoenix Youth Reach and Invest in Summer Employment (Phoenix Youth RISE) program has placed more than 600 youth between the ages of 16 to 24 in summer work experiences. The program provides subsidized wages for youth to work up to 80 hours with an employer during the summer and includes work readiness training, career exploration and mentorship. The program was paused in 2020 due to the COVID-19 pandemic and will return this summer. This year, Phoenix Youth RISE anticipates placing 300 qualified youth applicants in paid internships due to increased philanthropic support. In 2019, the program placed 143 youth applicants in paid summer work experiences.
Annually, JPMorgan Chase & Co. partners with U.S. cities to increase the number of youth who have access to quality summer work experiences to place them on a path to greater economic mobility. In order to be a recipient of the funds, JPMorgan Chase & Co. requires that a Memorandum of Understanding (MOU) be executed with a 501 (c)3 nonprofit partner that agrees to serve as the applicant and fiscal agent for the grant.
In March 2021, the Human Services Department executed a one-year MOU with the Phoenix Parks Foundation, to serve as the fiscal agent for grant funds awarded on behalf of the Phoenix Youth RISE program.
If awarded, $150,000 will support summer work experiences for 117 youth. The cost per youth is approximately $1,200, including the cost of wages, interest and skill assessments, training, mentoring and supportive services.
Contract Term
The grant period is from May 1, 2021, through June 30, 2022.
Financial Impact
There is no impact to the General Fund. Funding will be provided by JPMorgan Chase & Co. No matching funds are required.
Department
Responsible Department
This item is submitted by Deputy City Manager Gina Montes and the Human Services Department.