Brian Chesky, co-founder and CEO, Airbnb, has donated $100 million to the Obama Foundation to fund scholarships for college students pursuing careers in public service and consists of a number of stipends for journey.
The Voyager scholarship would grant $50,000 to rising juniors, masking their tuition prices over two years in addition to a $10,000 grant and Airbnb credit score to fund a summer season expertise designed by the coed. Scholarship winners would additionally get an Airbnb credit score value $2,000 a yr for 10 years after their commencement, which is along with Chesky’s donation a basis.
“You’re going to find young people from every corner of this country who are going to be future change makers. There are leaders everywhere. We just have to find them,” former President Barack Obama mentioned in a video announcement. He and Chesky would meet with scholarship recipients at an annual convention to speak about service and management.
The Voyager Scholarship has opened purposes thorugh the web site Scholarship America for the primary 100 college students it could fund. Applicants have to be coming into their junior yr of school at a four-year US college and have to be a US citizen, everlasting resident or have a deferred motion standing beneath the Deferred Action for Childhood Arrivals Program. The deadline to use is June 14.
“There are young people across the country who have a passion for public service, but can’t pursue it because of their student loan debt. We want to help reduce that burden,” Chesky mentioned.
Chesky’s donation is the most important the Obama Foundation has obtained, tied with a $100 million donation from Amazon founder Jeff Bezos in November.
“Scholarship America would be managing the application process, but the Obama Foundation would select recipients,” a spokesperson for the muse mentioned.
With inputs from PTI.
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Source: www.financialexpress.com”