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Reply to "Morehouse keynote speaker . . ."
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[quote=Anonymous][quote=Anonymous]A very heartwarming story.....I only wish more of the super wealthy gave back in ways like this that directly improve the lives of individuals. [/quote] There are a lot of stories that get buried. So, the estimate is that Robert Smith's donation will amount to ballpark about $40M. [url]https://nonprofitquarterly.org/2018/11/20/bloombergs-mega-gift-to-johns-hopkins-follows-tuition-free-trend/[/url] This article lists two big donations. NYU has made it's medical school tuition-free. It required $600M to do this ($55K per student for 443 current students plus all future students). $100M came from Kenneth and Elaine Langone, the financier of The Home Depot. It also describes Michael Bloomberg's extremely generous donation of $1.8B (yes billion) to the Johns Hopkins University to allow the scholarship fund to make scholarships need-blind, so that student do not need to leave the university with loan-debt. [url]https://www.thedream.us/news/bezosgrant/[/url] Jeff and Mackenzie Bezos donated $33M to TheDream.US for 1000 scholarships for Dreamers to go to college. [url]https://www.baltimoresun.com/news/maryland/education/bs-md-umd-donation-20171002-story.html[/url] A James Clark created a scholarship fund in 1994 with $15M. Over the next 2 decades he donated 10's of millions more to the scholarship fund. In 2017, his foundation donated almost $220M to UMD some of which is slated to add to the scholarship fund he started. https://www.fastweb.com/college-scholarships/articles/mystery-donor-gives-76-million-to-colleges-for-scholarships This one is interesting. An anonymous donor, donated $76M to 15 different colleges with the stipulations that a) the donations go to scholarship funds, and b) that the colleges do not attempt to find out who the mystery donor is. Just the first few that came up from Google. [/quote]
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