UMass Dartmouth graduation speaker gives each student $1,000

Robert Hale, Jr. encourages graduates to give half of gift to a charity or cause

[video_shortcode_video_embed src="https://video.foxbusiness.com/v/video-embed.html?video_id=6311591723112&d=video.foxbusiness.com" itemprop="image" content="https://video.foxbusiness.com/v/video-embed.html?video_id=6311591723112&d=video.foxbusiness.com" data-src="https://video.foxbusiness.com/v/video-embed.html?video_id=6311591723112&d=video.foxbusiness.com"]

FOX Business Flash top headlines for May 16

Check out what's clicking on FoxBusiness.com

A commencement speaker surprised graduates at the University of Massachusetts Dartmouth this week by giving them each $1,000 cash in envelopes – but with a catch.

Robert Hale, Jr., the founder of Quincy-based Granite Telecommunications, told students that "each graduate who crossed the stage" Thursday "would receive one $500 envelope to keep as a gift" while the second $500 envelope is intended to be given to "someone in need or a charity or cause close to them," the university says.

"These trying times have heightened the need for sharing, caring, and giving," Hale said. "Our community needs you and your generosity more than ever."

A UMass Dartmouth spokesperson told FOX Business on Friday that 1,200 graduates received the $1,000 gifts.

ERIN ANDREWS, ENFAMIL COMMIT $50,000 TO SUPPORT WOMEN STRUGGLING WITH INFERTILITY: ‘YOU’RE NOT ALONE’

UMass Dartmouth commencement

Robert Hale Jr. speaks on Thursday, May 16, during the University of Massachusetts Dartmouth commencement ceremony.

"Hale told the crowd about his career, including losing $1 billion nearly overnight, and urged them not to let failure define them, using his own life as an example of resilience and perseverance," the university said in a press release.

MELINDA FRENCH GATES TO RESIGN FROM THE GATES FOUNDATION

UMass Darmouth graduates

UMass Dartmouth graduates react after they are told they will be given $1,000 each. (UMass Dartmouth)

"As the degree conferral was about to begin, Hale came forward and let the graduates know he had one more bit of advice for them. He told the eager crowd that for him and his wife Karen, ‘the greatest joys we've had in our life have been the gift of giving,’" UMass Dartmouth added. "Hale let the Class of 2024 know that the two large duffle bags being brought up on stage by security were packed with envelopes full of cash."

Robert Hale Jr speaks at UMass Dartmouth commencement

Robert Hale Jr. is encouraging students to give half of the gift to a charity or a cause close to them. (UMass Dartmouth)

Hale, who is also part of the Boston Celtics ownership group, has an estimated net worth of $5.4 billion, according to Forbes.

OTHER NEWS

29 minutes ago

BREAKING: Blitzboks qualify for Paris Olympics 2024

29 minutes ago

'We were a bit sloppy around the place': Now Cork and Clare set for semi-final battles

29 minutes ago

Penguins Could Provide Fresh Start for Flames Forward

29 minutes ago

Scotland vs Hungary lineups: Euro 2024 predicted XIs, confirmed team news and injury latest

29 minutes ago

Amber Lyster: Perth’s real-life Lady Bridgerton graces Woman’s Day magazine

29 minutes ago

Skimpy agency Gold Class Girls up for nominated at 2024 Striptease Artist Recognition Awards

30 minutes ago

Outrage over video of Israeli soldiers driving with injured Palestinian strapped to a jeep

32 minutes ago

Director Michael John Warren On Capturing The Rise, Fall And Rebirth Of The Cultural Revolution In ‘Lolla: The Story of Lollapalooza’

32 minutes ago

Hugh Grant Praises Taylor Swift & “Gigantic Boyfriend” Travis Kelce After Attending Eras Tour: “You Have An Incredible Show”

34 minutes ago

Video: Heavily pregnant Ashley Tisdale shows off her huge baby bump in a white one-piece during family beach trip in LA

36 minutes ago

Marcus Rashford makes Man Utd transfer stance clear as seven players 'ring-fenced' from sale

36 minutes ago

Which Players Could Make the Cut for the Hockey Hall of Fame's Class of 2024?

36 minutes ago

Ontario Liberal MP's map of Canada forgets P.E.I., Yukon

36 minutes ago

For years, crumbs of cannabis impacted a Maryland man's life. Now he sees a clearer future

36 minutes ago

Round 17 Teams: More bad news for Warriors, Titans sweat on Campbell scans, Rooster facing hefty ban

36 minutes ago

Mary Lou McDonald says Sinn Fein to ‘dust ourselves off’ after disappointing election results

36 minutes ago

How artificial intelligence could help farming become more efficient, sustainable

36 minutes ago

Vitamix recalls nearly 570,000 blender parts after dozens of reported injuries

36 minutes ago

Outrage over video of Israeli soldiers driving with injured Palestinian strapped to a jeep

36 minutes ago

Supermarkets could face billions in fines for grocery code breaches as Labor commits to reforms

36 minutes ago

Louth make history with one-point triumph over Cork

36 minutes ago

College comeback leads to Olympic dreams for 400-meter relay standout Kendall Ellis

36 minutes ago

Oilers’ Nugent-Hopkins absent from practice

36 minutes ago

30-year-old woman becomes homeowner after 5 years, TikTok video inspires Mzansi

36 minutes ago

Tomljanovic optimistic ahead of Wimbledon despite falling short in Birmingham

36 minutes ago

Expanding heat dome has 100 million people in 27 states bracing for extreme temperatures

36 minutes ago

Euro 2024: UEFA to up security after Ronaldo pitch invasions

36 minutes ago

Blue Jays' Orelvis Martinez gets 80-game ban for PED violation

36 minutes ago

Chris Jordan takes historic hat-trick as England thrash USA to reach semi-finals

36 minutes ago

Lando Norris despondent after ‘bad start’ costs him victory in Spain

36 minutes ago

Lewis Hamilton has no regrets over Ferrari switch despite Mercedes improvement

36 minutes ago

Free drinks and bratwurst – Harry Kane offered contract to join German minnows

36 minutes ago

Euro 2024 Golden Boot standings: Harry Kane, Jamal Musiala and others battle to be top scorer in Germany

36 minutes ago

Bride defended for replacing maid-of-honor who refused to buy her dress for wedding

36 minutes ago

How to Get Free Money on Cash App: Steps and Tips!

36 minutes ago

China Is Readying An 8-Cylinder Cruiser To Worry American V-Twins

36 minutes ago

Anthony O’Reilly, Flashy Irish Tycoon Who Led Heinz, Is Dead at 88

39 minutes ago

Rishi Sunak and wife Akshata richer than King Charles 'without lifting a finger'

42 minutes ago

Bird flu detected at second farm in NSW

42 minutes ago

NFL Hypocrisy Increases For Aaron Rodgers, Jets