"On behalf of the eight generations of my family who have been in this country, we're going to put a little fuel in your bus."— CNN (@CNN) May 20, 2019
Morehouse College grads got a big surprise when billionaire Robert F. Smith announced he would pay off their student loan debt https://t.co/eO2fxfsBVH pic.twitter.com/JhuaS4HOhl
Billionaire investor and philanthropist Robert F. Smith had a special announcement during his commencement speech at Morehouse College in Atlanta on May 19. The gift is estimated to be worth $40 million. Smith received an honorary doctorate from Morehouse today and was the class' commencement speaker.
“This is my class and I know my class will pay this forward,” Smith said in his remarks.
Smith is the founder, chairman and CEO of Vista Equity Partners and is considered one of the wealthiest Black entrepreneurs today. His company, which has an estimated $14 billion in capital, was listed as No. 1 on Black Enterprise’s annual list of the most successful black-owned companies. He’s also made Forbes list of the 400 richest Americans, and in 2017 was named by Forbes as one of the 100 greatest living business minds.
Wow. What a love-power move by Robert Smith. I believe it’s the start of something major. I’m grateful for what Mr. Smith, who purchased my father’s birth home for the National Park Service, is doing for @Morehouse, which happens to be Daddy’s alma mater. https://t.co/uRstRi49fr— Be A King (@BerniceKing) May 19, 2019
“When Dr. King said that the ‘arc of the moral universe bends toward justice,” he wasn’t saying it bends on its own accord. It bends because we choose to put our shoulders into it together and push.” – Robert F. Smith @RFS_Vista #MorehouseGrad2019 https://t.co/u6o3H5UmxT pic.twitter.com/u2DIsqquNP— Morehouse College (@Morehouse) May 19, 2019