Jamie Dimon and his wife, Judith, donate $12 million to 12 Black colleges and universities
JPMorgan Chase CEO Jamie Dimon and his wife, Judith, donated $12 million to 12 historically Black colleges and universities (HBCUs). The funds will establish permanent endowments to support long-term economic opportunity for students.
Why it matters
Demonstrates corporate and private philanthropic efforts toward educational equity and institutional support for HBCUs.
JPMorgan Chase CEO Jamie Dimon and his wife, Judith, have donated $12 million to 12 historically Black colleges and universities in the US through their foundation. The gift establishes the Dimon Fund to Advance Economic Opportunity and forms part of the United Negro College Fund’s (UNCF) $1.5 billion capital campaign. Announced by UNCF, the donation will provide permanent endowment capital to the 12 selected institutions. The foundation’s contribution will be paired with $5 million in institutional matches from UNCF’s pooled endowment fund.In a joint statement reported by Fortune, Jamie and Judith Dimon said: Our system of HBCUs continue to serve as the springboard to success for thousands of students in pursuit of the American Dream.
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