Ripple Donates $29M to Support American Public Schools

Announced Tuesday night by Stephen Colbert of The Late Show, Ripple has made a donation of the XRP equivalent of $29 million to DonorsChoose.org. The donation, which Colbert says is the largest donation in the history of the non-profit charitable organization, funding “all 35,000 classroom projects” on DonorsChoose.org.

Founded in 2000 by Charles Best, DonorsChoose.org is a charitable foundation where school teachers can create “projects” for their schools, and request funding from donors to purchase things like paper, pencils, notebooks, Chromebooks, and other necessary school supplies.

On Ripple’s official website Tuesday, Ripple’s SVP of Marketing Monica Long explained the motivation behind the donation:

“Every Rippler, from the executive team to our newest hires, started their careers in one place — the classroom. It’s in this pivotal setting that children’s dreams are forged and legacies begin.”

Long continues, explaining how the donation to DonorsChoose.org will be utilized:

“Our donation fulfilled every request listed on the nonprofit’s website yesterday. Today, nearly 30,000 public school teachers in every state and approximately one million students are receiving books, school supplies, technology, field trips, and other resources vital for learning through DonorsChoose.org."

Ripple is encouraging others to get involved, calling out the #BestSchoolDay social media campaign to raise awareness about pubic school’s needs:

“You can join us by contributing to the new projects that teachers are already creating on DonorsChoose.org. As part of the #BestSchoolDay campaign, you can give to teachers and students within your community, where you grew up or just because they inspire you.”

At the DonorsChoose.org blog on Tuesday, the organization publicly thanks Ripple:

“Last night, Ripple fully funded every single live DonorsChoose.org classroom project. That’s over 35,000 projects in one enormous $29 million dollar act of generosity. We literally don’t have words to express our gratitude, so we had to invent some. We’re flabbermazed. Astonified. It blew us away, knocked our socks off… WOW!”

DonorsChoose founder Charles Best adds his thoughts via a video filmed with Ripple’s Monica Long, stating that:

“What I’m feeling, right now, is that Ripple’s gift is going to inspire us to work even harder to ensure that, in every classroom, every day is a #BestSchoolDay.”

If you are interested in getting involved in the #BestSchoolDay campaign, check out DonorsChoose.org, or use the #BestSchoolDay hashtag on Twitter, Facebook, or Instagram.