Welcome to Planet Should: Billionaire Pays Off Student Loan Debts (Yes, The Entire Class)

Billionaire investor Robert F. Smith, founder of Vista Equity Partners with a reported net worth of $5 billion dollars (Forbes)-which makes him the wealthiest person of color in America-  has pledged to pay off the student loan debts of the entire 2019 graduating class of Moorehouse College in Atlanta, GA.

If you watch the gentleman seated to Mr. Smith’s right,(on your left)  this act of unspeakable kindness came as a shock. Smith made the announcement during the graduation ceremony, according to the video at TYT: The Breakdown.

I need to send this man an email.

This is a Planet Should intervention on the Planet Is problem of crushing student loan debt, a burden I personally know all too well.

I hope he swings by North Texas when my daughter gets her Master’s.

This is not the first time he did something like this.

Smith pledged $50 million to Cornell University in 2016. CNN Business reports:

 

He has quite the generous streak

 

Smith is a big believer in paying it forward.
Before Sunday’s student loans announcement, he donated $1.5 million to Morehouse College for scholarships and the development of a new park.
In 2016, he pledged $50 million to Cornell University, one of his alma maters, to support its chemical and biomolecular engineering school, as well as black and female engineering students.
In 2017, he signed the Giving Pledge, an effort spearheaded by billionaires Warren Buffett and Bill and Melinda Gates to enlist wealthy Americans in giving away half of their fortunes.
Smith said he would invest half of his net worth during his lifetime to causes that support equality for black Americans and the environment, while his wife, model Hope Dworaczyk Smith, would focus on helping children.
He’s one of the founding donors of the National Museum of African American History and Culture, committing $20 million to the museum before its opening.
He’s also the founder and president of the Fund II Foundation, which provides grants for causes such as human rights, the environment, music education and “preserving the African American experience.”

 

And, yes, I will be giving more attention to the positive. Planet Is has outgrown its usefulness. It is time for Planet Should to blossom.

 

Let’s talk about this.

 

Gwendolyn J

 

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4 thoughts on “Welcome to Planet Should: Billionaire Pays Off Student Loan Debts (Yes, The Entire Class)

  1. Hi Gwendolyn, this is such a great story. I definitely support Mr. Smith and I think that every billionaire in the world should support many activities and donate even a little. Can you please point me to the video because it won’t play? Thanks for sharing such motivational info, I hope there will be more people like Mr. Smith.

    1. Daniel,

      Sorry about that. I usually watch TYT via Facebook, so here is the link. I checked the video and it worked for me, but I will tweak it a bit. 

      Mr. Smith is what I love to see. He is one of the many pillars of goodness we need to turn Planet Is into Planet Should.

      Thanks for stopping by 🙂

      Gwendolyn J

  2. Nice to see philanthropy and charity of this magnitude. This is a win-win as it pays for the entire class’s tuition and gives a good name to Robert F. Smith. More of the world’s wealthiest should follow suit and take a page out of Mr. Smith’s book. I appreciate this charitable endeavor and thank you for posting it. Hope he stops by North Texas really soon!

    1. I know right! 

      I admire anyone who gives of themselves. Every act of true kindness brings us closer to #PlanetShould. 

      Smith’s sweeping generosity is refreshing and we need more billionaires like that!

      Thanks for stopping by.

      Gwendolyn J

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