JPMorgan Chase (JPM) has donated $5.5 million to the University of Colorado Denver Business School to open a center for the study of commodities.
The J.P. Morgan Center for Commodities will offer students courses on commodity markets, sustainable development, regulations, investing and trading, risk management and ethics as well as fund research related to these topics. It will feature a finance and commodities lab, which will provide students with hands-on experience and an understanding of how trading can help commodities producers and consumers reduce risk, the New York bank said late last week.
The center will offer specialization certificates, undergraduate and graduate degrees and professional education. Beginning in the fall students can take courses in finance, risk management and commodities; professional education courses are scheduled to start in 2013.
JPMorgan Chase's donation also will support an endowed chair for commodities finance, economics and policy as well as scholarships for students who plan to enter the industry.