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.
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.
Smith is the founder of Vista Equity Partners, an international Investment firm with over $46 billion in software management. He is also the first and only African American business leader to sign ‘The Giving Pledge,’ a campaign to recruit the world’s billionaires into giving away half their fortunes to charity.
In Smith’s announcement, he expressed his hope that the students would find a way to pay this kindness forward in their futures.