JPMorgan Chase CEO Jamie Dimon and his wife Judy just committed $12 million to 12 HBCUs ā structured as permanent endowment capital, not a one-time program grant. š°ā
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The gift, announced through the Dimon family foundation, establishes the Dimon Fund to Advance Economic Opportunity with uncf Each of the 12 selected schools receives $1M in endowment capital ā funding built to compound for decades, not just cover this semester's budget šā
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The list spans the South: Tuskegee, Dillard, Shaw, Benedict, Voorhees, Johnson C. Smith, Miles, Oakwood, Stillman, Huston-Tillotson, Jarvis Christian and Edward Waters. UNCF says these schools were chosen for strong leadership and a track record of producing educators, nurses and healthcare professionals šā
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The timing matters too. Federal HBCU funding has faced real uncertainty this year, and private gifts like this one are increasingly stepping in to fill the gap.ā
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