Billionaire Gifts $1K Each to UMass Boston Graduates

University of Massachusetts-Boston graduates got a big surprise during the school’s commencement ceremony Thursday: $1,000 in cash, courtesy of billionaire philanthropist Robert Hale.

Hale, who was the co-keynote speaker along with Sen. Elizabeth Warren, D-Mass., gave each of the 2,000 graduates two envelopes with $500 inside each, one for themselves and one to give to an organization, family member or supporter, The Hill reported Friday.

“These are turbulent times,” said Hale, founder and CEO of wholesale telecommunications provider Granite Telecommunications, based in Quincy, Massachusetts. “You guys have survived. You have prospered. You are to be celebrated. You’ve overcome.

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