|Robert F. Smith|
But during his remarks in front of the nearly 400 graduating seniors, the technology investor and philanthropist surprised some by announcing that his family was providing a grant to eliminate the student debt of the entire Class of 2019.
“This is my class,” he said, “and I know my class will pay this forward.”The announcement came as a surprise to Smith’s staff and to the staff at Morehouse, and elicited the biggest cheers of the morning.
The gift has been estimated to be worth up to $40 million.
Aileen Dodd, spokesperson for Morehouse College, said the gift is the biggest single gift in the school’s history.
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