Airbnb chief donates $100m to Obama scholarship fund

Airbnb chief donates $100m to Obama scholarship fund
Airbnb chief donates $100m to Obama scholarship fund
Barack Obama

Airbnb chief donates $100m to Obama scholarship fund.

Brian Chesky’s donations will help the foundation fund scholarships for students interested in public service careers.

Brian Chesky, the co-founder and CEO of Airbnb, has donated $100 million to Barack Obama’s foundation to finance scholarships for students interested in public service, with the awards containing numerous travel stipends.

Each Voyager scholarship will provide $50,000 to rising college juniors to cover tuition fees for two years, as well as a $10,000 award and Airbnb credit to pay a summer study vacation planned by the student. In addition to Chesky’s generosity, scholarship winners will receive an Airbnb credit worth $2,000 per year for the next ten years following graduation, according to a foundation representative.

Also read this: How to write a good letter of motivation for scholarship

“We need to meet this next generation of leaders if we want them to be able to do what they need to do.” They need to be acquainted. In a video announcement, Obama stated, “They have to understand each other’s neighborhoods.”

“You will find young people from all corners of the country who will be future change makers.” Everywhere there are leaders. “All we have to do now is discover them,” he added.

At an annual conference, Obama and Chesky aim to meet with scholarship recipients to discuss service and leadership.

“There are youngsters all around the country who want to work in public service but can’t because of student loan debt,” Chesky added. “We want to assist in easing that burden.”

Chesky’s donation is one of the Obama Foundation’s two largest ever, along with a $100 million grant from Amazon founder Jeff Bezos in November.

According to federal data, 43 million Americans have $1.6 trillion in student loans. While campaigning, Joe Biden vowed to cancel $10,000 in federal student debt per person, but has yet to do so. He remarked in April that he was still deciding what to do about student loans.

The Voyager scholarship has opened applications for the first 100 students it will finance on the Scholarship America website. Applicants must be entering their junior year of college at a four-year US university and be an American citizen, permanent resident, or have Deferred Action for Childhood Arrivals (DACA) status. The deadline for applications is June 14th.

Scholarship The Obama Foundation will select recipients, according to a spokesperson for the foundation. America is maintaining the application process.

Students must show a dedication to public service, which the program’s website defines as “careers in government, nonprofits, or the private sector,” which includes jobs spanning “from community organizing to social work, and from entrepreneurship to the arts.”

According to its 2020 tax filings, the Obama Foundation has lately financed community organizations aiming to reduce opportunity disparities for boys and young men of color, as well as to fund girls’ education.

Michelle Obama, the former first lady, stated, “Education is personal to me.” “I’ve met so many young people who are interested in public service but are concerned about how they will pay for school or whether they will have the opportunity to travel outside of their neighborhood.”

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