JPMorgan Chase CEO Jamie Dimon And His Wife Are Donating $12M To HBCUs
The gift will add permanent endowment support for 12 UNCF member schools, including $4 million for four Alabama institutions.
- On Thursday, the James and Judith K. Dimon Foundation announced a $12 million gift to the United Negro College Fund supporting 12 Historically Black Colleges and Universities through permanent endowment funding.
- JPMorgan Chase Chairman and CEO Jamie Dimon and his wife Judith Dimon, president of the Dimon Foundation, established the donation to advance career-connected learning and strengthen HBCU financial independence.
- Four Alabama institutions receive $4 million combined: Miles College in Fairfield, Oakwood University in Huntsville, Stillman College in Tuscaloosa, and Tuskegee University each receive $1 million, with eight additional HBCUs nationwide also benefiting.
- The Dimon Fund operates within UNCF's $1.5 billion capital campaign; Dr. Johnnetta Betsch Cole, UNCF president-in-residence, called the gift 'both a vote of confidence and a catalyst' for institutional strength.
- According to a press release, support extends to HBCUs' academic programs, partnerships, and student opportunities, with some schools offering credit transfers in health-related fields creating direct pathways to careers.
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JPMorgan Chase CEO Jamie Dimon And His Wife Are Donating $12M To HBCUs
JPMorgan Chase Chairman and CEO Jamie Dimon and his wife are investing in HBCUs. The James and Judith K. Dimon Foundation was created in 1996 to invest in the next generation through education and economic mobility, according to a press release. It has played a role in advancing FutureReadyNYC (FRNYC), which ensures high school students are equipped for 21st-century careers, alongside NYC Public Schools and other partners, according to a press r…
JPMorgan Chase CEO Jamie Dimon and Wife Donate $12M to HBCUs
JPMorgan Chase CEO Jamie Dimon and his wife, Judith K. Dimon and UNCF are donating $12 million from The James and Judith K. Dimon Foundation to historically Black colleges and universities (HBCUs). The Dimon Fund is part of UNCF’s $1.5B capital campaign to provide economic opportunities. 12 selected UNCF member schools will receive a $5 million institutional match from UNCF’s pooled endowment fund. “Our country’s future and strength depend on o…
Tuskegee University celebrates receiving $1 million donation
TUSKEGEE, Ala. (WAKA) – Tuskegee University has received a huge donation that’s given to only a dozen colleges across the country. The Dimon Fund to Advance Economic Opportunity has pledged $1 million to Tuskegee University, as well as to 12 other historically black colleges nationwide. The goal of the donations is to strengthen the long-term sustainability of the colleges. Tuskegee University embraced the gift as another opportunity to get stud…
Jamie Dimon HBCU Donation: $12M Gift to 12 Colleges
The Jamie Dimon HBCU donation just became one of the most visible philanthropic moves of JPMorgan Chase’s chairman and CEO. Through the James and Judith K. Dimon Foundation, Dimon and his wife Judy gave $12 million to 12 historically Black colleges and universities. The gift establishes what UNCF calls the Dimon Fund to Advance Economic […] The post Jamie Dimon HBCU: JPMorgan Chase CEO Gifts $12M to 12 Colleges appeared first on HBCU Buzz.
Twelve HBCUs to benefit from $12 million endowment to boost academic, research programs
Picture courtesy of freepik.com The James and Judith K. Dimon Foundation announced a $12 million endowment funding to 12 historically Black colleges and universities. The United Negro College Fund (UNCF) confirmed the gift which comes as HBCUs continue confronting a major foundation funding gap and demonstrating an outsized role in producing Black STEM graduates. UNCF announced that the donation will establish the Dimon Fund to Advance Economic …
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