RFK Human Rights' Ripple of Hope Awards Honoring VP Joe Biden, Howard Schultz & Scott Minerd in New York City - Inside

Source: Kevin Mazur / Getty

Robert F. Smith just gave the class of 2019 at Morehouse College a gift that many a college student could only dream of.

The billionaire, who received an honorary doctorate at Morehouse College on Sunday surprised many by announcing that his family was providing a $40 million grant to eliminate the student debt of the entire Class of 2019.

Want gospel news at your fingertips? Text BMORE to 52140 to join our text club!

“This is my class,” he said, “and I know my class will pay this forward.”

The announcement elicited the biggest cheers of the morning.

Never Miss Out on Breaking News in your Community and Beyond. Sign up for the Praise Baltimore newsletter!

The technology investor and philanthropist’s gift is believed to be the largest donation ever given to a historically black college & university (HBCU). He had initially donated $1.5 million to the university to help build a new park near campus and to establish more scholarships.

See Also: Historically Black Church Donates Money To Help Howard University Students Pay Off Debts [VIDEO]

Smith is a chairman and CEO of Vista Equity Partners, a software and technology investment firm which he founded in 2000. He is one of the world’s thirteen African-American billionaires and his net worth is believed to be around $5 billion according to Forbes.

Billionaire Robert F. Smith Pledges To Pay Off Student Loan Debt Of Morehouse’s Entire Graduating Class of 2019  was originally published on

Also On Praise 106.1:
17 Gospel Artists Who Call or Have Called the DMV-Area Home
47th Annual GMA Dove Awards - Arrivals
14 photos