UNCF Receives Historic $12M Gift To Bolster HBCU Endowments

Twelve HBCUs 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. Estab…