Ripple has announced that it is donating $29 million to popular teaching fundraising site DonorsChoose.org to help bring teachers classroom dreams come true.
DonorsChoose is a nonprofit organization that uses crowdfunding to help public school students and their teachers so that students in every community have the experiences they need for a great education.
Now, in a bid to help the educational establishment reach its goals across America, San Francisco-based Ripple has announced that it is giving students and teachers across the country their #bestschoolday. This means that the company has pledged to pay over 35,000 classroom requests on the DonorsChoose website.
Making the announcement in a YouTube video, Monica Long, senior vice president of marketing at Ripple, along with Charles Best, founder of DonorsChoose, explained that this was a chance for Ripple to thank the teachers who helped them get to where they are in their careers today.
After sending an email to Chris Larsen, founder of Ripple, Best thought his request for donations would be shunned. However, according to Long, the idea behind DonorsChoose resonated with the team. As Ripple is about making payments faster, inclusive, and more accessible to people around the world, so too is DonorsChoose making education more accessible and inclusive for students.
Responding to the announcement, Best said:
“The teachers behind these projects work with more than a million students who are now going to get materials and experiences that they need to learn. I do not believe there has ever been a day when this many classroom dreams came true.”
The funding by the company, the single biggest cryptocurrency donation to a charity, was under tight wraps in the lead up to the announcement. While there have been large donations that funded every request in a state or city, this is the first time that all requests on the website have been funded by one organization.
Converting the XRP tokens into dollars, DonorsChoose will now be able to fulfil requests such as buying lab coats for science students, insect kits, new school furniture such as chairs and desks, sports equipment, musical equipment, and coding cards to get students on the path to learning about code work, to name a few.
Having reached over 27.5 million students, with nearly 1.5 million projects funded since DonorsChoose started in 2000, the organization has gone from a one-man band to a charity with offices in New York and San Francisco working at helping teachers and donors connect.
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