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National Museum of African American History and Culture

Debt-Free: Five Things to Know About the Billionaire Donor Behind That Morehouse Gift

By News & Current Affairs

By Ade Adeniji, Inside Philanthropy — It’s graduation season again, as students around the country don their caps and gowns, receive cheers from family, and then scramble to move out of their dorms. At Morehouse College, the all-male historically black college founded in 1857 in Atlanta, the nearly 400-member class of 2019 watched billionaire private equity veteran Robert F. Smith deliver the commencement address and receive an honorary doctorate. Near…

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Black Billionaire Robert Smith Pays Off Student Loan Debt of 400 Morehouse Students

Black Billionaire Robert Smith Pays Off Student Loan Debt of 400 Morehouse Students

By News & Current Affairs

By Lauren Victoria Burke, NNPA — During what will likely be seen as one of the most memorable graduation presents for parents and their children — a quiet African American billionaire delivered a welcomed surprise. At their graduation on May 19, investor and chemical engineer Robert Smith announced he would pay off the student loan debt of Morehouse’s 2019 graduating class. Morehouse’s graduating class is 400 strong. Smith’s graduation gift…

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