[82lsju]

Cross-posting from the COVID-19 board:

Morehouse knows better and they just cancelled their football season.

https://www.espn.com/college-football/st...s-pandemic

That seems like the right call. I wonder if even a tiny bit of the confidence to do so was inspired by this:

Netflix CEO donates $120 million to black colleges in an effort to 'reverse generations of inequity'

$40m is earmarked for Morehouse. Definitely helps defray the costs of lost revenue while guaranteeing the student-athletes their scholarships...

(ETA: And yes, DII schools can and do give athletic-scholarships.)

ETA2: With a total endowment of $145m, Morehouse's $40m gift receipt from has to be one of the largest percentage-increases in endowments from a single gift in the past half century. Incredible.

In May 2019, Robert F. Smith, founder and CEO of private-equity firm Vista Equity Partners, gave a commencement speech to Morehouse College’s graduating class. Then, the billionaire announced that he and his family would pay off the roughly 400 graduating seniors’ student loans — as well as loans taken out by students’ parents and guardians.

The total gift of roughly $34 million brought the crowd to their feet and sparked a conversation about student debt, college affordability and Historically Black Colleges and Universities like Morehouse.

https://www.cnbc.com/2020/01/24/robert-f...g%20class.

and more on Robert F Smith

Robert F. Smith, self-made billionaire and noted philanthropist—and one of [i]Town & Country[/i]'s summer cover stars—has a plan to help alleviate the burden of student debt for those attending Historically Black Colleges and Universities (HBCUs).


Smith's new non-profit, the Student Freedom Initiative, will launch at up to 11 HBCUs in the fall of 2021 (the list of schools has yet to be finalized), offering students in STEM majors a more flexible alternative to the traditional high-interest private loans. Smith hopes to support 5,000 new students every year, once the initiative is underway.

It'll launch with a $50 million donation from the Fund II Foundation, which Smith founded, and is hoping to raise another $500 million by October. Combined with additional investments and graduates' income-based repayments, the initiative is designed to become "self-sustaining."

https://www.townandcountrymag.com/societ...ive-hbcus/

[82lsju]

Cross-posting from the COVID-19 board:

Morehouse knows better and they just cancelled their football season.

https://www.espn.com/college-football/st...s-pandemic

That seems like the right call. I wonder if even a tiny bit of the confidence to do so was inspired by this:

Netflix CEO donates $120 million to black colleges in an effort to 'reverse generations of inequity'

$40m is earmarked for Morehouse. Definitely helps defray the costs of lost revenue while guaranteeing the student-athletes their scholarships...

(ETA: And yes, DII schools can and do give athletic-scholarships.)

ETA2: With a total endowment of $145m, Morehouse's $40m gift receipt from has to be one of the largest percentage-increases in endowments from a single gift in the past half century. Incredible.

In May 2019, Robert F. Smith, founder and CEO of private-equity firm Vista Equity Partners, gave a commencement speech to Morehouse College’s graduating class. Then, the billionaire announced that he and his family would pay off the roughly 400 graduating seniors’ student loans — as well as loans taken out by students’ parents and guardians.

The total gift of roughly $34 million brought the crowd to their feet and sparked a conversation about student debt, college affordability and Historically Black Colleges and Universities like Morehouse.

https://www.cnbc.com/2020/01/24/robert-f...g%20class.

and more on Robert F Smith

Robert F. Smith, self-made billionaire and noted philanthropist—and one of [i]Town & Country[/i]'s summer cover stars—has a plan to help alleviate the burden of student debt for those attending Historically Black Colleges and Universities (HBCUs).


Smith's new non-profit, the Student Freedom Initiative, will launch at up to 11 HBCUs in the fall of 2021 (the list of schools has yet to be finalized), offering students in STEM majors a more flexible alternative to the traditional high-interest private loans. Smith hopes to support 5,000 new students every year, once the initiative is underway.

It'll launch with a $50 million donation from the Fund II Foundation, which Smith founded, and is hoping to raise another $500 million by October. Combined with additional investments and graduates' income-based repayments, the initiative is designed to become "self-sustaining."

https://www.townandcountrymag.com/societ...ive-hbcus/