At the commencement for the 2019 graduating class from Morehouse College, billionaire investor and philanthropist, Robert J. Smith shocked the class with an amazing announcement.
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Smith was the keynote speaker, receiving an honorary doctorate from the college, but he surprised the students with a massive donation paying off the student debt of all 396 college seniors.
Morehouse is an all men’s historically black private college in Atlanta, Georgia. A spokesperson for the school said that Smith’s donation would likely pay off about $40 million.