Why Did Some Graduates Miss Out on the Cash Gift episode artwork

EPISODE · Dec 27, 2024 · 1 MIN

Why Did Some Graduates Miss Out on the Cash Gift

from GREY Journal Daily News Podcast

During the May 16, 2024 commencement ceremony at UMass Dartmouth, all attending students received a $1,000 cash gift from billionaire Robert Hale Jr. To qualify, graduates had to be present and donate $500 to a charity. Approximately 20% of the 1,200 graduates were absent and missed the gift. Unclaimed cash redirected to a scholarship fund in Hale's name totaled $1.2 million. Each graduate received two envelopes: one with $500 and another for the donation. Hale employed this gifting strategy at other institutions, contributing to various causes. He plans further giveaways at additional schools and reports a net worth of $5.8 billion. Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

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