Earlier this month, JPMorgan Chase announced a $2.5 million investment in Ohio State University to expand its programs that focus on “academic excellence for students from diverse backgrounds.” According to OSU.EDU, the partnership “between the bank and Ohio State spans more than 50 years and the firm has roots in Columbus that stretch back to 1868.”

The investment will increase support for two university programs that promote diversity within the institution. These programs include

  1. The Morrill Scholars Program: One of Ohio State’s premier scholarship programs, rewarding academically talented students who are actively engaged in diversity-based leadership, service and social justice activities.
  2. The Young Scholars Program (YSP): Supports academically talented, first-generation college students with financial need to advance their goals of pursuing higher education. High school students must complete a rigorous college preparatory curriculum with high academic achievement to be eligible for YSP.

In addition to the monetary investment, JPMorgan Chase will also “serve as guest speakers in Ohio State classes, mentor and coach the scholars, and participate in their community activities as volunteers. The firm will also host events for the students at JPMorgan Chase locations.”