"One of the best gifts you can give a recent college grad is cold, hard cash. It can serve as a launching pad for establishing themselves as an adult, equipping them to get their first apartment, start paying off those sky-high student loans, and maybe enough to get them some well-earned drinks at their favorite local watering hole."
"And one billionaire makes that wish come true each year: Rob Hale, founder and CEO of telecommunications company Granite Communications, annually doles out $1,000 checks to local recent college graduates in Massachusetts. He's worth about $6 billion and helms the $1.8 billion company that provides voice, data, internet, mobile, and video services for businesses and government clients."
""The turmoil in our country has increased the need for caring, sharing and compassion," Hale said during a commencement address at Bridgewater State University in May. "Our community needs- needs -your help, your leadership and your empathy more than ever.""
Rob Hale, founder and CEO of Granite Communications, gives $1,000 checks each year to recent college graduates in Massachusetts with the condition that recipients pledge to give at least half to charity. The program started in 2021 and has included Quincy College, Roxbury Community College, UMass Boston, UMass Dartmouth, and Bridgewater State University. Hale is a billionaire whose company provides voice, data, internet, mobile, and video services for businesses and government clients. Some beneficiaries directed their gifts to local nonprofits; one graduate donated half to Northeast Arc in response to federal funding cuts for disability services.
Read at Fortune
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