JPMorgan Chase & Co. has pledged $30 million to fund 19 historically  black colleges and universities in order

to empower students in the Black community (HBCUs). Over the next five years, the Advancing Black Pathways (ABP) initiative will

"create clearer pathways toward economic success and empowerment" for Black students. Alabama A&M, Howard, Morehouse

Tennessee State, and Clark Atlanta are among the universities participating in the initiative. Byna Elliott,

Global Head of ABP noted, "Deepening our ties with HBCUs is a vital step toward breaking down barriers and

providing more access to economic opportunity for Black students." "This pledge gives historically black

colleges and universities the freedom they need to address the diverse needs of their students and provide the next

 generation with the tools and resources they need to succeed." JPMorgan will collaborate with the nonprofit organisation UNCF

to provide high-quality job routes to HBCU students following graduation as part of the project. The firm will focus on

aiding young people in effectively moving from post secondary education to in demand employment in technology,