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Shocked graduates, above, stand and cheer after commencement speaker billionaire technology investor and philanthropist Robert F. Smith, right, announces his family will provide a grant to eliminate the student debt of Morehouse College’s entire 2019 graduating class, a gift valued at roughly $40 million.

Shocked graduates, above, stand and cheer after commencement speaker billionaire technology investor and philanthropist Robert F. Smith, right, announces his family will provide a grant to eliminate the student debt of Morehouse College’s entire 2019 graduating class, a gift valued at roughly $40 million.

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Unexpected gift elicits cheers, tears at Morehouse College commencement

Commencement was a red-letter day for Morehouse College graduate Monte Hathaway of Henrico County and his family. That’s when the speaker at Sunday’s 135th commencement ceremony on the Atlanta campus, billionaire tech investor Robert F. Smith, made a surprise announcement that has since gone global.