Jamie Dimon and his wife, Judith, donate $12 million to 12 Black colleges and universities; the gift establishes ...

JPMorgan Chase CEO Jamie Dimon and his wife, Judith, have donated $12 million to 12 historically Black colleges and universities in the US through their foundation. The gift establishes the Dimon Fund to Advance Economic Opportunity and forms part of the United Negro College Fund’s (UNCF) $1.5 billion capital campaign. Announced by UNCF, the donation will provide permanent endowment capital to the 12 selected institutions. The foundation’s contribution will be paired with $5 million in institutional matches from UNCF’s pooled endowment fund.