'Share in the Joy of Giving': Billionaire Gives College Grads $1,000 Each — But There's a Catch

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'Share in the Joy of Giving': Billionaire Gives College Grads $1,000 Each — But There's a Catch
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A billionaire philanthropist wants future leaders to know that you should give more than you get, and demonstrated by gifting each member of the UMass Boston graduating class $1,000 to give them a head start — but the money came with a catch

Billionaire philanthropist Robert Hale wants the future leaders of the country to know that you should give more than you get — and he demonstrated by gifting each member of the UMass Boston undergraduate class of 2023 with $1,000 to give them a head start."We are proud of you, so we want to share in that celebration with you. We want to give you two gifts. The first is a gift to you. The second is the gift of giving," Hale said during his commencement speech.

"Get Tri-state area news and weather forecasts to your inbox."There are two sets of envelopes: One says 'Gift' and one says 'Give.' The first is for you, the 'Gift' is for you. The 'Give' is also for you, but it's to give," he said."The greatest joys we've had in our life have been the gift of giving. So each of you is getting $1,000 cash right now.""The first $500 is for you," Hale then said.

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