JPMorgan Chase CEO Jamie Dimon And His Wife Are Donating $12M To HBCUs

[DC_Dude]

JPMorgan Chase CEO Jamie Dimon And His Wife Are Donating $12M To HBCUs

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JPMorgan Chase CEO Jamie Dimon And His Wife Are Donating $12M To HBCUs
Photo Credit: Steven Ferdman
JPMorgan Chase Chairman and CEO Jamie Dimon and his wife are investing in HBCUs.

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The James and Judith K. Dimon Foundation was created in 1996 to invest in the next generation through education and economic mobility, according to a press release. It has played a role in advancing FutureReadyNYC (FRNYC), which ensures high school students are equipped for 21st-century careers, alongside NYC Public Schools and other partners, according to a press release. At least 100,000 public high school students will graduate better positioned for employment by 2030.

The foundation’s latest effort is a $12 million donation to the United Negro College Fund, which coincides with the launch of The Dimon Fund to Advance Economic Opportunity, which will strengthen participating Historically Black Colleges and Universities (HBCUs) through permanent endowment support, backed by a $5 million match from UNCF’s pooled endowment fund. The Dimon Fund is part of UNCF’s $1.5 billion capital campaign.

The couple’s interest in UNCF should come as no surprise, as Jamie previously served on its board of directors, per the release.

“Our system of HBCUs continues to serve as the springboard to success for thousands of students in pursuit of the American Dream,” Jamie and Judith Dimon said in a joint statement, per the press release. “As the children of first-generation high school and college graduates, we were imbued with a thirst for knowledge and a drive to succeed—principles that we have passed on to our own children and that we wish to share with all the students at the selected HBCUs.”

Dr. Johnnetta Betsch Cole, UNCF president-in-residence and co-chair of UNCF’s capital campaign, commented:

“Their gift is both a vote of confidence and a catalyst. By accelerating endowment growth, this commitment from The Dimon Foundation will strengthen the financial position of these vital institutions and expand their capacity to make long-term decisions benefiting students, faculty, and the broader communities they serve as they prepare the teachers who awaken young minds today and the healers who will mend our communities tomorrow.”

Miles College is one of the 12 HBCU’s set to benefit from the fund. According to a press release shared with AFROTECH™, the support will extend to the HBCU’s academic programs, partnerships, student opportunities, and long-term growth.

“Endowment growth is an important part of advancing President Knight’s vision for Miles College and ensuring that the progress we make today continues well beyond our generation,” said Vice President of Institutional Advancement and Development at Miles College Dr. Erskine Faush, Jr., in the press release. “We are grateful to UNCF for its continued advocacy, diligence, and commitment to HBCUs. Support of this magnitude strengthens our ability to continue rising, growing, and creating greater opportunity for Miles College and our scholars.”

The following HBCUs are also set to benefit:

Benedict College (Columbia, S.C.)
Dillard University (New Orleans)
Edward Waters University (Jacksonville, Fla.)
Huston-Tillotson University (Austin, Texas)
Jarvis Christian University (Hawkins, Texas)
Johnson C. Smith University (Charlotte, N.C.)
Oakwood University (Huntsville, Ala.)
Shaw University (Raleigh, N.C.)
Stillman College (Tuscaloosa, Ala.)
Tuskegee University (Tuskegee, Ala.)

 

[DC_Dude]

 

[Hey Julian!]

Wow, a whole $12million?

 

[Da Backshot Champ]

Can't say for others, but this honkey has something up his sleeve.

 

[doe moe]

Can't say for others, but this honkey has something up his sleeve.

Tax write off is my first guess.

With all the billions he has, 12million will help soften his tax burden.

Can't forget HBCU's were started by slave owner seeking to educate their tragic mulatto children.

*Jamie Dimon has an estimated net worth of approximately $3.2 billion, according to real-time tracking by Forbes

 

[Maxxam]

Wow, a whole $12million?

Exactly. Cosby dropped $20M on Spelman in ‘88

 

[Da Backshot Champ]

Tax write off is my first guess.

With all the billions he has, 12million will help soften his tax burden.

Can't forget HBCU's were started by slave owner seeking to educate their tragic mulatto children.

*Jamie Dimon has an estimated net worth of approximately $3.2 billion, according to real-time tracking by Forbes

Wouldn't be surprised if it was some hidden language/stipulation where all graduates have to work at his house cleaning the yard, emptying trash cans, titfeeding white babies as collateral for the scholarship.

 

[b_visionary]

That’s it? Definitely some strings attached.

 

[Rah]

This is strange. JC Smith is on academic probation & Shaw U isn’t far behind them.

 

[DC_Dude]

Wow, a whole $12million?

Yeah but you got alumni that haven't given a $1 so what you call them?

 

[DC_Dude]

UNCF Receives Historic $12M Gift To Bolster HBCU Endowments​

The impactful investment from The James and Judith K. Dimon Foundation will secure long-term financial freedom and career pathways for 12 Black higher learning institutions.
By Bridgette Bartlett Royall

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Stillman College's Blue Pride Marching Band. (Photo by Nicholas Jackson/Stillman College via Getty Images)


Twelve HBCU institutions are getting an awesome back-to-school gift! The United Negro College Fund (UNCF) just announced a multi-million-dollar donation from The James and Judith K. Dimon Foundation to strengthen HBCU endowments. The historic gift is backed by New York billionaire couple James (Jamie) Dimon, JPMorgan Chase & Co. Chairman and CEO, and his wife Judith (Judy) Kent Dimon, organizational psychologist. The charitable duo are well-known in the philanthropy circuit and their foundation’s core mission focuses on education, economic mobility, health and social services for young people and families.

Johnson C. SMith students at a 2025 pep rally. (Photo by Erin Clark/The Boston Globe via Getty Images)
The 12 fortunate schools that will receive $1 million in permanent endowment capital through The Dimon Fund to Advance Economic Opportunity are:

Benedict College (Columbia, SC)
Dillard University (New Orleans, LA)
Edward Waters University (Jacksonville, FL)
Huston-Tillotson University (Austin, TX)
Jarvis Christian University (Hawkins, TX)
Johnson C. Smith University (Charlotte, NC)
Miles College (Fairfield, AL)
Oakwood University (Huntsville, AL)
Shaw University (Raleigh, NC)
Stillman College (Tuscaloosa, AL)
Tuskegee University (Tuskegee, AL)
Voorhees University (Denmark, SC)

While they are not the first billionaire philanthropists to make such significant contributions to our beloved HBCUs (We’re looking at you MacKenzie Scott!), this donation does have unique benefits. Established as The Dimon Fund to Advance Economic Opportunity within UNCF’s $1.5B capital campaign, the monetary gift will provide much needed permanent endowment capital to those 12 selected UNCF member schools. This is all part of their foundation’s $5 million institutional match within UNCF’s pooled endowment fund. Recipient schools were selected for the strength of their leadership and for their proven record of preparing educators, nurses and other healthcare professionals. Fifty percent of all teachers are HBCU graduates and HBCUs are responsible for training about 70% of all Black physicians.

The positive financial impact of this scale of gift must not be overlooked. By growing endowments, The Dimon Fund to Enhance Economic Opportunity will help expand capacity for long-term planning and secure academic and infrastructural capital. Together, UNCF and The Dimon Fund are fighting to combat inequity and understand that this fight requires resources to ensure students can succeed and ascend. Also worth noting is that while large donations of this kind often go to larger and/or more well-known HBCUs such as Howard University, Hampton University and Spelman and Morehouse Colleges, many of the 12 selected institutions are not necessarily household name schools. This is a remarkable advancement as smaller and lesser known HBCUs are a necessary and important part of our culture.

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Sky Turntine, president of the Student Government Association at Huston-Tillotson University, speaks at the 2026 MLK Community March. (Aaron E. Martinez/The Austin American-Statesman via Getty Images)
“Our country’s future and strength depend on our young people. Our system of HBCUs continue to serve as the springboard to success for thousands of students in pursuit of the American Dream. As the children of first-generation high school and college graduates, we were imbued with a thirst for knowledge and a drive to succeed—principles that we have passed on to our own children and that we wish to share with all the students at the selected HBCUs. We are honored to help UNCF strengthen the long-term financial viability of these critical schools of higher learning,” said Jamie and Judy Dimon in a UNCF press release.

Even more impressive is the fact that nine of the twelve selected HBCUs are led by Black women. They are Dr. Roslyn Clark Artis of Benedict College, Dr. Monique Guillory of Dillard University, Dr. Melva K. Wallace of Huston-Tillotson University, Dr. Glenell M. Lee-Pruitt of Jarvis Christian University, Dr. Valerie Kinloch of Johnson C. Smith University, Dr. Bobbie Knight of Miles College, Dr. Gina Spivey Brown of Oakwood University, Dr. Paulette Dillard of Shaw University and Dr. Yolanda Page of Stillman College.

This partnership was cultivated under the leadership of Johnnetta B. Cole, PhD, UNCF president-in-residence, co-chair of UNCF’s capital campaign and former Spelman College President and the school’s first woman President.

“I am enormously grateful for this generous donation and the unwavering support of HBCUs by Jamie and Judy Dimon. Their gift is both a vote of confidence and a catalyst,” said Dr. Cole in an official UNCF statement. “By accelerating endowment growth, this commitment from The Dimon Foundation will strengthen the financial position of these vital institutions and expand their capacity to make long-term decisions benefitting students, faculty, and the broader communities they serve as they prepare the teachers who awaken young minds today and the healers who will mend our communities, tomorrow.”

 

[DC_Dude]

I mean this is old, but still.....

JPMorgan Chase Commits $30 Million to Support Historically Black Colleges and Universities and Students​

Commitment will expand career pathways student development programming and promote financial education resources on campuses

NEW YORK

---

June 16, 2022


June 16, 2022 (NEW YORK) — JPMorgan Chase announced an expanded five-year, $30 million commitment to the financial and career success of students at Historically Black Colleges and Universities (HBCUs). This commitment expands on the firm’s Advancing Black Pathways (ABP) initiative which launched in 2019 to chart clearer pathways toward economic success and empowerment within the Black community.

“Deepening our relationships with HBCUs is an important step to breaking down barriers and creating more access to economic opportunity for Black students,” said Byna Elliott, Global Head of Advancing Black Pathways. “This commitment offers HBCUs the flexibility they need to meet the unique needs of their students and provide the next generation with access to tools and resources to get ahead.”

Deepening Partnerships

Over the past two years, the firm has grown from an initial three HBCU partnerships to 19. Each of the partner schools is located in or near where JPMorgan Chase does business, which will allow the firm to leverage its business expertise, partnerships, and philanthropic efforts to best support the long-term sector development and sustainability of HBCUs and their students.

Career Pathways Initiative

As part of the larger initiative, the firm committed $5 million to help HBCUs expand their career pathways programming and connect more students with career mobility opportunities following graduation. The commitment includes $3 million in philanthropic capital provided to five HBCUs and $2 million in philanthropic capital provided to UNCF (United Negro College Fund) and its Institute for Capacity Building to help these institutions increase student completion of high-quality career pathways and scale their operational models to improve overall student success.

UNCF’s Institute for Capacity Building is focused on increasing student and workforce outcomes for low-income, first-generation Black students and other students of color. The program helps institutions prepare 21st century, career-ready graduates with integrated career pathway development.

“HBCUs have been producing top talent for decades and are uniquely positioned to accelerate economic mobility for students of color,” said Monique Baptiste, Head of Jobs and Skills, Global Philanthropy, JPMorgan Chase. “Helping these institutions build capacity to support more students as they successfully transition from college to in-demand jobs is critically important to building a more inclusive and equitable future. Together, we can help empower a new generation of leaders and create more opportunities for all.”

Through this collaborative effort between UNCF and HBCU institutions, the firm is focused on supporting young people to successfully navigate transitions from post-secondary education to in-demand jobs of the future.

Even before the pandemic, rapid changes in technology, automation and artificial intelligence continued to shape the economy and exacerbate the disconnect between skills and jobs, particularly for young people. Colleges and universities are adjusting to better prepare their students for an ever-evolving labor market, including elevating the importance of connecting credentials and work experiences to in-demand jobs of the future. HBCUs play a critical role in creating pathways to economic opportunity.

“Recognizing the transformational impact that a college education can provide, JPMorgan Chase is a generous and thoughtful partner and embraces UNCF’s mission to prepare students for career and entrepreneurial opportunities in the 21st century,” said Edward Smith-Lewis, vice president, strategic partnerships and institutional programs, UNCF. “We are deeply grateful to JPMorgan Chase for their generosity and look forward to continuing our partnership for many years to come.”

Student Financial Hardship Fund

The five-year commitment includes plans to continue the Student Financial Hardship Fund launched by the firm in February 2020, in partnership with the UNCF and the Thurgood Marshall College Fund, to help students attending any of the HBCU member schools to cover the cost of personal finance emergencies that might otherwise prohibit them from continuing their education. Since its launch, the Fund has assisted more than 1,200 students to offset costs for crisis-related expenses, including transportation home and personal technology needs at the onset of the coronavirus pandemic. The Fund will now also be allocated towards degree completion expenses to address demand for student support as they prepare for graduation.

Additional Resources for HBCU Students

In October 2020, JPMorgan Chase announced a $30 billion, five-year commitment to address the key drivers of the racial wealth divide that included a commitment to creating partnerships with HBCUs through curriculum development, scholarships and mentorship programs to increase the pipeline of HBCU students entering the wealth management industry.

As part of the $30 billion commitment, J.P. Morgan Wealth Management created The J.P. Morgan Wealth Management Scholarship Program in partnership with UNCF to strengthen career pathways for HBCU students into the wealth management industry. Established in 2021, the program provides scholarships and mentorships to students studying any major at select HBCUs and will help them develop the skills needed to grow a career as a financial advisor. J.P. Morgan Wealth Management will award a total of 375 scholarships through 2025.

The firm also supports innovation in student support and education delivery through direct equity investments in companies transforming higher education and career readiness. In March 2021, the firm co-led a $5 million funding round for Upswing, an online student engagement organization that supports 11 HBCUs and two predominantly Black institutions, and provides tutoring, student support and other services to 49,000 HBCU students.

 

[DC_Dude]

That’s it? Definitely some strings attached.

Strings attached - creating a pipeline of future employees......
Relationship building....

 

[Hey Julian!]

Yeah but you got alumni that haven't given a $1 so what you call them?

What I call them? The real problem. I didn't even attend a HBCU and still donate, $5 a month to JSU. I made this point some years ago when Prime was coaching there, but if every working Black person in America (Roughly 20 mil) picked a one HBCU and committed to a $5 monthly donation, that's $100 million a month going to HBCU's. Jamie Dimon can eat a dick with his $12 mil donation. These forturne 500 CEO don't impress me the older I get. That's a Nino Brown passing out turkeys on Thanksgiving move if I ever seen one. That's literally 0.3% of his networth($3.2 billion). He could donate that annually and it wouldn't even get close the interest he earns on his money. HBCU leadership are gonna roll out the red carpet and grovel to this fool for years to come. Sorry, I'm not impressed. The only way HBCU's will survive and thrive will be Black people investing back into them.

 

[RUDY RAYYY MO]

Exactly. Cosby dropped $20M on Spelman in ‘88

Word?

 

[DC_Dude]

What I call them? The real problem. I didn't even attend a HBCU and still donate, $5 a month to JSU. I made this point some years ago when Prime was coaching there, but if every working Black person in America (Roughly 20 mil) picked a one HBCU and committed to a $5 monthly donation, that's $100 million a month going to HBCU's. Jamie Dimon can eat a dick with his $12 mil donation. These forturne 500 CEO don't impress me the older I get. That's a Nino Brown passing out turkeys on Thanksgiving move if I ever seen one. That's literally 0.3% of his networth($3.2 billion). He could donate that annually and it wouldn't even get close the interest he earns on his money. HBCU leadership are gonna roll out the red carpet and grovel to this fool for years to come. Sorry, I'm not impressed. The only way HBCU's will survive and thrive will be Black people investing back into them.

Yeah the point is not to be impressed, but to share good news.....

As a HBCU alum myself, any good news I see I am going to post....

Typically BGOL though, dude didn't have to give shit and the schools listed never really get major donations like other HBCUs.....

 

[Maxxam]

Word?

A Black College Gets Cosby Gift Of $20 Million (Published 1988)

www.nytimes.com

 

[DC_Dude]

Spelman College Receives Historic $100 Million Donation

Spelman College is honored to announce a $100 million historic gift – the largest single donation ever to an HBCU.

www.spelman.edu

Spelman College receives largest donation in history, $100M​

ByFOX 5 Atlanta Digital Team
FOX 5 Atlanta
Atlanta
Published January 18, 2024 11:28 AM EST

article

ATLANTA - Spelman College has announced they have received its largest single donation ever -- $100 million -- from businesswoman and philanthropist Ronda Stryker and her husband, William Johnston, chairman of Greenleaf Trust.

The donation is also the largest ever given to a Historically Black College and University.



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Stryker has been a Spelman College Trustee since 1997, according to the college. She has worked for decades to empower women through higher education and advance opportunities for additional marginalized groups.

The $100 million comes as Spelman College marks 100 years since its official naming in 1924. The college says the gift is an important first step on Spelman’s path to become need-blind, helping to attract the best and brightest students by eliminating potential barriers to admission.


According to the school, $75 million of the $100 million will go to endowed scholarships for future students. The remaining $25 million will be used to develop an academic focus on public policy and democracy, improve student housing and provide flexible funding to meet critical strategic needs.

"We are invigorated and inspired by this incredible act of generosity," said Dr. Helene Gayle, president of Spelman College. "This gift is a critical step in our school’s mission to eliminate financial barriers to starting and finishing a Spelman education. We can’t thank Ronda Stryker enough for her selflessness and support as both a trustee and friend. There’s no doubt that Spelman College is better because of her."

The average annual cost to attend Spelman is $29,102, according to the U.S. Department of Education College Scorecard.

Stryker and Johnston also donated $30 million to the school in 2018 to help build the Center for Innovation & the Arts at the school.

Spelman is the nation's oldest historically Black college for women. It is a predominantly residential, private, liberal arts college
Donor Gifts
Spelman College Receives Historic $100 Million Donation
18 January 2024
Home Spelman College Receives Historic $100 Million Donation
ATLANTA (January 18, 2024) — Spelman College is honored to announce a $100 million historic gift – the largest single donation ever to an HBCU.

The donation is from businesswoman and philanthropist Ronda Stryker and her husband, William Johnston, Chairman of Greenleaf Trust.

Stryker has been a Spelman College Trustee since 1997. She has worked for decades to empower women through higher education and advance opportunities for additional marginalized groups.

The $100 million comes as Spelman College marks 100 years since its official naming in 1924.

$75 million of the $100 million will go to endowed scholarships for future students, helping Spelman College continue to attract the best and brightest students, while working to remove any financial barriers that prevent qualified students from enrolling at Spelman. The remaining $25 million will be used to develop an academic focus on public policy and democracy, improve student housing and provide flexible funding to meet critical strategic needs.

“We are invigorated and inspired by this incredible act of generosity,” said Dr. Helene Gayle, president of Spelman College. “This gift is a critical step in our school’s mission to eliminate financial barriers to starting and finishing a Spelman education. We can’t thank Ronda Stryker enough for her selflessness and support as both a trustee and friend. There’s no doubt that Spelman College is better because of her.”

Today, students are celebrating the generosity of Stryker and Johnston at a ceremony commemorating the gift.

To view a recap video of the day's celebration, click here.

#100for100Spelman

100 million donation

 

[DC_Dude]

Can't believe we live in a world where people will bitch and complain about someone giving money to HBCUs.....

Man this shit crazy as fuck

 

[God-Of-War-420]

Can't believe we live in a world where people will bitch and complain about someone giving money to HBCUs.....

Man this shit crazy as fuck

Idk, nothing is free in this world and white people are not to be trusted. I understand why people are reluctant to think this was done in good faith.

 

[DC_Dude]

Idk, nothing is free in this world and white people are not to be trusted. I understand why people are reluctant to think this was done in good faith.

That's dumb thinking.....

If that's the case, the schools Mackenzie Scott donated money to should be returned

the money rhonda stryker donated to spellman should be returned

the money bloomburg has donated to HBCUs should be returned....

the money Arthur Blank has donated to HBCUs should be returned....

So strings are only attached to HBCUs, but if a millionaire donates to a PWI there aren't any strings attached because it happens all the time....Hell the PWIs that don't even need the money still get millinaires to donate


HELL WE SHOULD SAY FUCK THE UNITED NEGRO COLLEGE FUND BECAUSE JAIMIE DIMON WAS A BOARD MEMBER......

 

[God-Of-War-420]

That's dumb thinking.....

If that's the case, the schools Mackenzie Scott donated money to should be returned

the money rhonda stryker donated to spellman should be returned

the money bloomburg has donated to HBCUs should be returned....

the money Arthur Blank has donated to HBCUs should be returned....

So strings are only attached to HBCUs, but if a millionaire donates to a PWI there aren't any strings attached because it happens all the time....Hell the PWIs that don't even need the money still get millinaires to donate


HELL WE SHOULD SAY FUCK THE UNITED NEGRO COLLEGE FUND BECAUSE JAIMIE DIMON WAS A BOARD MEMBER......

Dumb thinking is believing that cacs would give money to any university hbcu or not and not have strings attached lol

Also I never said it should be returned, just explained why people may be skeptical. But go off lol

 

[DC_Dude]

Dumb thinking is believing that cacs would give money to any university hbcu or not and not have strings attached lol

Also I never said it should be returned, just explained why people may be skeptical. But go off lol

So explain to me the strings attached for Mackenzie Scott giving all that money to HBCUs......

I am not even trying to go off or do anything like that. I went to a HBCU and went to a PWI and I've seen at PWI where millionaires donated big money and it wasn't no strings attached, but when money is donated to a HBCU there is always strings attached vs. someone just wanted to give money......

Like i just hate how with all the crazy shit going on in this world and someone does something good whether you think it's good or not and people being negative about it....


Like some alum from UVA give a shit load of money, but I don't hear people bitching about that.....

 

[God-Of-War-420]

So explain to me the strings attached for Mackenzie Scott giving all that money to HBCUs......

I am not even trying to go off or do anything like that. I went to a HBCU and went to a PWI and I've seen at PWI where millionaires donated big money and it wasn't no strings attached, but when money is donated to a HBCU there is always strings attached vs. someone just wanted to give money......

Like i just hate how with all the crazy shit going on in this world and someone does something good whether you think it's good or not and people being negative about it....


Like some alum from UVA give a shit load of money, but I don't hear people bitching about that.....

Again not even saying you're wrong, just explaining why people have trust issues. This is Amerikka after all!

 

[Non-StopJFK2TAB]

Saint McKenzie has certain black folks acting funny.

Back in the day we had George Peabody, John Slater, and Rosenwald tasked with funding our education. Man, we had the father of black history month hustle those white boys to start Negro Week.

Let me go check out this dark matter story.

 

[RoomService]

How many people have donated at least $1.00 to an HBCU in the past decade?