The Shawn Carter Foundation celebrated its 20th anniversary with a black-tie gala at Pier Sixty in New York City, per Complex. It was held on Friday, July 14, 2023, according to American Songwriter.
The night raised $20 million, Complex reported. The biggest gift was a $10 million legacy donation from Jeff Bezos and Lauren Sánchez, and Jack Dorsey gave $2 million, his annual contribution. The foundation and Robert Kraft’s Foundation to Combat Antisemitism gave $1 million each to a partnership opposing a nationwide book ban, Complex said.
The guest list included Beyoncé, DJ Khaled, Meek Mill, Robert Kraft and Roger Goodell, the outlet reported. Actor Regina Hall hosted, and Babyface performed, according to Bossip.
Jay-Z and his mother, Dr. Gloria Carter, founded the foundation in 2003, per Complex. It helps people facing economic hardship pursue education beyond high school.
The foundation’s scholarship fund gives awards of up to $7,500 per student, and it has supported more than 200 students each year for two decades, according to Black Enterprise. Payments go directly to schools to cover tuition and related costs, such as books, lab fees and travel.
Beyond scholarships, the foundation has run tours of historically Black colleges and universities, study abroad opportunities and wealth-building programs for young people and families, Complex said. “We believe that education is the key to unlocking opportunity,” Carter said, according to Rock the Bells.
Money raised at the gala will fund scholarships, an international exchange program, and community goodwill and emergency assistance programs, Complex reported.
Large gifts for education are not new. Stephen Girard died in 1831 with a $7.5 million fortune, and he gave $6 million of it to found a school for orphans that opened 17 years later.
Hence then, the article about jay z and his mother founded the shawn carter foundation in 2003 its 20th anniversary gala raised 20 million in one night was published today ( ) and is available on Parade ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Jay-Z and his mother founded the Shawn Carter Foundation in 2003; its 20th-anniversary gala raised $20 million in one night )
Also on site :