JPMorgan Chase commits $30 million to support HBCUs and students
|
Posted By: S. Moore on May 02, 2023 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. 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. advertisement 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. SOURCE The St. Louis American If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
Comments
More From This Author
Latest News
 |
The Memorial Day Getaway Returns for Its 18th Annual CelebrationA Black Luxury Forward Memorial Day Experience Headlined by 2 Chainz
Puerto Plata, Dominican Republic | Memorial Day Weekend
The Memorial Day Getaway returns this Memorial Day Weekend for its 18 ...more
Reginald Culpepper • 76 Views • February 10th, 2026 |
 |
Bethune-Cookman University To Host Inauguration For Dr. Albert D. Mosley On April 14Bethune-Cookman University (B-CU) will mark the inauguration of Dr. Albert D. Mosley as its eighth president on Tuesday, April 14, marking a new era of leadership for the historic institution.
Founde ...more
Reginald Culpepper • 113 Views • February 9th, 2026 |
 |
2026 MS-CC Undergraduate Summer Research Internship✨Applications are open for the 2026 MS-CC Undergraduate Summer Research InternshipMS-CC invites undergraduate students to apply for a 10-week, paid summer research experience hosted in Nashvill ...more
David Lockett • 77 Views • February 9th, 2026 |
 |
Unlock Your Entrepreneur Journey — NEXT GEN Info SessionDate & TimeTuesday, February 1710:00 AM PST / 12:00 PM CST / 1:00 PM ESTVirtual EventREGISTER HERE:https://events.teams.microsoft.com/event/a...Tuesday, March 1710:00 AM PST / 12:00 PM CST / 1:00 ...more
Laura Van Brackle Sims • 50 Views • February 9th, 2026 |
Popular News
 |
North Carolina HBCU Unity DayShaw University - Elizabeth City State University - Johnson C. Smith University - Fayetteville State University - Livingstone College - North Carolina A&T State University - North Carolina Central Uni ...more
Reginald Culpepper • 104,075 Views • August 8th, 2016 |
