Jamie Dimon pledges $12 million to 12 HBCUs

The James and Judith K. Dimon Foundation has announced a $12 million donation to support 12 historically Black colleges and universities (HBCUs). The contribution was announced by the United Negro College Fund (UNCF) as part of its $1.5 billion capital campaign.

Known as The Dimon Fund to Advance Economic Opportunity, the initiative is designed to provide permanent endowment capital rather than short-term grants. This structure aims to offer the participating institutions greater financial stability and long-term planning capabilities. Additionally, the schools will receive a $5 million institutional match through the UNCF’s pooled endowment fund.

The 12 recipient institutions 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.