Jay-Z’s Shawn Carter Foundation Raises $20M to Help College Students

Jay-Z & Beyonce
Jay-Z & Beyonce
Image Source: SheKnows

JAY-Z‘s Shawn Carter Foundation has raised $20 million to help college students seeking to pursue higher education.

On Friday (July 14), JAY-Z’s foundation hosted a black-tie gala in New York City to celebrate its 20-year anniversary. The event raised money and assist to those facing socio-economic hardships in pursuing their educational dreams.

The Shawn Carter Foundation received several generous donations, including a remarkable contribution of $10 million from Amazon chairman Jeff Bezos and his fiancée Lauren Sanchez. This donation will help the foundation to expand its international exchange program, scholarships, community goodwill initiatives, and emergency assistance programs.

Additionally, Twitter founder Jack Dorsey donated $2 million to the foundation as part of his annual contribution.

The event drew a host of celebrities, including JAY-Z, Beyoncé, DJ Khaled, Lil Uzi Vert, and Meek Mill, among others.

JAY-Z and his mother, Gloria Carter, co-founded the Shawn Carter Foundation in 2003. The foundation has helped poor kids, families, and members of disenfranchised communities by offering college scholarships and tours to historically black colleges and universities (HBCUs), study abroad opportunities, wealth building programs and more.

Before the gala, the Shawn Carter Foundation made an important announcement regarding a partnership with Robert Kraft’s Foundation to Combat Antisemitism. This collaboration aims to address and put an end to the nationwide book bans that are affecting various educational programs across the United States.

Both the Shawn Carter Foundation and Robert Kraft’s Foundation contributed $1 million to support free speech and intellectual learning. Fanatics and Live Nation each donated $500,000 to provide additional support for the initiative.

The funds raised will be utilized by both organizations to provide book donations, legal support, marketing assistance, and other resources to institutions directly impacted by the nationwide book ban.