Ripple has donated $29 million to support schools all over the United States. The donation by Ripple was made through DonorsChoose.org, a U.S-based 501 nonprofit organization that allows individuals and institutions to donate directly to public school classroom projects. The organization gives teachers an opportunity to create classroom project requests that are set to benefit their students and donors chip in to support the projects that they feel most connected to.
In a blog post by Ripple’s senior vice president, Monica Long, the San Francisco-based company expressed their appreciation for schools as that’s where children get inspired to become great people in the future.
“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,” she wrote in the blog post.
The company was able to meet every request that was made by teachers from all across the United States on Monday, 26th March and appealed to more well-wishers to join them in donating to provide better educational facilities for the next generation of innovators.
The money will go towards buying books, school supplies, funding modern technology in schools, organizing field trips for the students and other such needs by the schools and would benefit over one million students and 30,000 public school teachers.
In its choice to use DonorsChoose, Ripple said that it was informed by the similarity of purpose between the two companies.
“As a company, we’re focused on removing the friction from cross-border payments to promote more inclusion and accessibility within the global economy. DonorsChoose.org applies the same principles of inclusion and accessibility to education.”
The donation was made in XRP, Ripple’s native digital asset that has experienced great turbulence in the last two months. Part of the donation was made by the company while the other part was made by the executives.