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Billionaire CEO Gifts $1,000 to 1,200 UMass Dartmouth Graduates

A billionaire gifted graduating students at UMass Dartmouth with “envelopes full of cash” totaling $1,000.

Robert Hale Jr., the CEO of Granite Telecommunications, made the announcement during the school’s commencement ceremony on Thursday. The school shared a video of the ceremony online, showing the moment Hale told the 1,200 graduates and their families.

“These trying times have heightened the need for sharing, caring and giving,” Hale said. “Our community needs you and your generosity more than ever.”

A UMass Dartmouth press release said security brought onstage two large duffle bags “packed with envelopes full of cash.”

Hale told graduates that he had two envelopes to give them: one reading “gift” and the other reading “give.”

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