Jamie Dimon and his wife, Judith, donate $12 million to 12 Black colleges and universities
Jamie and Judith Dimon have donated twelve million dollars to twelve historically Black colleges. This significant gift establishes the Dimon Fund to Advance Economic Opportunity for students. The donation will provide permanent endowment capital to the selected institutions for long-term support. These twelve HBCUs were chosen based on their leadership and student preparation records. The Dimon…
JPMorgan Chase CEO Jamie Dimon and his wife Judith have allocated $12 million to 12 historically Black colleges and universities in the US through their foundation. This donation forms part of the United Negro College Fund's (UNCF) $1.5 billion capital campaign. The gift will establish the Dimon Fund to Advance Economic Opportunity and provide permanent endowment capital to the selected institutions.
Jamie and Judith Dimon emphasized that HBCUs continue to serve as a springboard to success for thousands of students. The donation will be complemented by $5 million in institutional matches from UNCF's pooled endowment fund. The 12 HBCUs receiving funding are 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.
UNCF chose these institutions based on their leadership and their records of preparing students for high-demand fields such as teaching, nursing, and other health care professions. The Dimon Foundation has been supporting education initiatives since 1996, with over $9 million being distributed in 2024 to various organizations, including those focused on public schools and career development.
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