Robert F. Smith, the billionaire who promised to pay off student loans for an entire college class, said his $34 million gift was inspired by a small act of philanthropy he saw his mom make

In May, billionaire Robert F. Smith pledged to pay off student loan debt for an entire graduating class. Smith made the announcement that he would pay off the student loans of the 400 graduating seniors during his commencement address at Morehouse College.
In September, he followed up on the announcement by pledging to also pay off those students’ parents’ educational debt.
At the Carnegie Medal of Philanthropy award ceremony in NYC on October 16, Smith said the gift was inspired in part by his mother’s monthly $25 gift to the United Negro College Fund.
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Source:: BusinessInsider.Com