Jamie Dimon, CEO of JPMorgan Chase, and his wife Judith have announced a $12 million donation to 12 historically Black colleges and universities (HBCUs) through the James and Judith K. Dimon Foundation and UNCF (United Negro College Fund). This gift establishes The Dimon Fund to Advance Economic Opportunity as part of UNCF’s $1.5 billion capital campaign. The money will flow into permanent endowments rather than specific programs, giving schools long-term financial stability. The donation comes as the Trump administration has pulled back funding for public institutions and HBCUs, prompting other billionaire philanthropists like MacKenzie Scott to step in with more than $700 million distributed to these universities.
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