Jamie and Judith Dimon donate $12 million to twelve HBCUs
JPMorgan Chase CEO Jamie Dimon and his wife Judith have contributed $12 million to a dozen historically Black colleges and universities through their foundation.
Through the James and Judith K. Dimon Foundation, JPMorgan Chase chief executive Jamie Dimon and his spouse Judith have given $12 million to twelve historically Black colleges and universities, establishing the Dimon Fund to Advance Economic Opportunity. The contribution is part of the United Negro College Fund’s $1.5 billion capital campaign and will be used as permanent endowment capital for the selected institutions.
UNCF will add $5 million in institutional matches from its pooled endowment fund. The Dimons highlighted the role of HBCUs in providing opportunities for first-generation students pursuing the American Dream. The twelve beneficiaries include Benedict College, Dillard University, Edward Waters University, Huston-Tillotson University, Jarvis Christian University, Johnson C. Smith University, Miles College, Oakwood University, Shaw University, Stillman College, Tuskegee University, and Voorhees University. The foundation has a history of supporting education and economic mobility since 1996, including prior grants to public-school and career-development programs.
Why it matters
The gift strengthens long-term funding for HBCUs, helping them expand programs that serve first-generation college students.
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