4 Alabama HBCUs receive $1M gift from Dimon Foundation
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Four Alabama Historically Black Colleges & Universities (HBCUs) were recipients of $1 million donations from The James and Judith K. Dimon Foundation.
The gifts, which were announced by the United Negro College Fund in August, to strengthen the long-term sustainability of historically Black colleges and universities. Recipient schools were selected for “the strength of their leadership and governance and for their proven record of preparing educators, nurses and other healthcare professionals.”
Alabama HBCUs to receive the funding include:
- Miles College
- Oakwood University
- Stillman College
- Tuskegee University
Only 12 total schools received a donation and our state was the only one with more than two schools on the list.
James and Judith K. Dimon Foundation
By growing endowments, The Dimon Fund to Advance Economic Opportunity will help strengthen institutional balance sheets, expand capacity for long-range planning and secure research, academic and infrastructural capital.
The historic gift was presented to 12 different schools including:
- 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)
The commitment affirms the Dimons’ longstanding focus on and support of economic mobility for young people. The gift to UNCF complements The Dimon Foundation’s efforts to strengthen the transition from high school to college to high demand careers.
“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.”
Jamie and Judy Dimon
