Home » Jay-Z’s foundation raises $20 million to help socioeconomically disadvantaged individuals

Jay-Z’s foundation raises $20 million to help socioeconomically disadvantaged individuals

by Mfonobong Nsehe

The Shawn Carter Foundation, founded by renowned Hip-hop artist and entrepreneur Shawn “Jay-Z” Carter and his mother, Gloria Carter, celebrated its 20th Anniversary Gala in New York last Friday, raising $20 million to support individuals facing socioeconomic hardships in furthering their education.

The black-tie gala, held in New York City, gathered high-profile guests from the realms of music, sports, business, and entertainment. Notable attendees included Jay-Z, his mother, Gloria Carter, and his wife, Beyoncé Knowles.

The star-studded event featured music artists DJ Khaled, Lil Uzi Vert, Meek Mill, Babyface, Miguel, Tinashe, A$AP Ferg, and Saint John, adding to the evening’s vibrant atmosphere. Also gracing the occasion were prominent figures such as New England Patriots owner Robert Kraft, NFL commissioner Roger Goodell, and Fanatics founder Michael Rubin.

Celebrities Regina Hall, Chazz Palminteri, Robinson Cano, Dez Bryant, Angie Martinez, Corey Gamble, Tamika Mallory, Zane Lowe, Ebro Darden, and more were among the distinguished guests.

The Shawn Carter Foundation has dedicated two decades to closing the opportunity gap in the education system, emphasizing its commitment to offering educational opportunities, travel experiences, and enlightenment to individuals who might otherwise not have access.

Established in 2003 by Jay-Z and Gloria Carter, the foundation remains steadfast in its mission of enabling individuals to reach their full potential, regardless of their background or circumstances.

At the heart of the fundraising efforts was a remarkable $10 million legacy donation from tech mogul Jeff Bezos and his partner, Lauren Sanchez, further bolstering the foundation’s resources. Additionally, Twitter’s former CEO Jack Dorsey showed his support with a generous $2-million contribution, marking his annual donation to the cause.

With the recent success of its 20th Anniversary Gala, The Shawn Carter Foundation is now better positioned to continue making a positive impact, empowering individuals from diverse backgrounds to overcome obstacles and fulfill their educational aspirations.

Through the unwavering dedication of Jay-Z, Gloria Carter, and their esteemed partners, the foundation’s legacy shines as a beacon of hope and opportunity for countless young minds striving to create a brighter future.

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