Los Angeles Times @latimes Bringing L.A. to the world and the world to L.A. Subscribe now: checkout2.latimes.com/ May. 21, 2019 1 min read

Robert F. Smith’s gift of paying off the student loans of Morehouse College’s 2019 graduating class stunned the students and faculty. The gift is estimated at $20 million to $40 million.  https://lat.ms/2WmRGzO 

Smith is the nation’s richest African American — ahead of Oprah Winfrey — with a net worth of $5 billion.  https://lat.ms/2WmRGzO 

Smith is a prolific philanthropist. In 2016, Smith became the first African American to be named chairman of Carnegie Hall. At a gala last fall for the City of Hope, Smith was the largest individual donor, with a gift of $500,000.  https://lat.ms/2WmRGzO 

As his success and wealth grew, Smith maintained a low profile. Now, he’s more comfortable with his public profile in part because he wants young African Americans to see what he’s accomplishing.  https://lat.ms/2WmRGzO 

Though the most prestigious historically black colleges and universities have thrived in recent years, many others are struggling to stay afloat. @kurtisalee and @jaweedkaleem explored the challenges facing Bennett College and other HBCUs:  https://lat.ms/2W0FfWE 


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