Jamie Dimon donates $12M to 12 HBCUs amid US public funding cuts
JPMorgan Chase CEO Jamie Dimon and his wife Judith Dimon have donated $12 million to 12 historically Black colleges and universities (HBCUs) through their personal foundation. The funds are intended to establish permanent endowments, offering the recipient institutions lasting financial security. The selected schools were chosen for their strong track records in training future healthcare professionals. The Dimons emphasized the critical role HBCUs play in helping students achieve upward mobility. The donation comes at a time when US public institutions are facing federal funding reductions.
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