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LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:06 am
by ken6199
http://www.foxsports.com/nba/story/lebron-james-college-scholarships-akron-university-cavaliers-i-promise-081315The NBA star has partnered with the University of Akron to provide a guaranteed four-year scholarship to the school for students in James' "I Promise" program who qualify. The scholarship will cover tuition and the university's general service fee -- currently $9,500 per year. James told ESPN he plans to provide this for 1,100 kids, which would cost his foundation a total of $41.8 million at the school's current rates.
It's the latest example of James, who often refers to himself "as just a kid from Akron" giving back to a community that helped raise him.
"It's the reason I do what I do," said James, who announced the program Thursday while hosting an event for students at Cedar Point Amusement Park. "These students have big dreams, and I'm happy to do everything I can to help them get there. They're going to have to earn it, but I'm excited to see what these kids can accomplish knowing that college is in their futures."
I have never been one of his biggest fans, but he won me over on this, a lot. Talent, super star teams, Lebron the GM, screw that. Ultimate respect to that guy!
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:09 am
by Neptune
Who cares!
LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:12 am
by ken6199
Neptune wrote:Who cares!
Thanks for your honest opinion. Appreciate the chime in.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:13 am
by TKainZero
Good stuff
Go lebron!!!
I wonder how they will be handed out?
By grades?
Test scores?
Zip code?
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:15 am
by UncleBresk
I have never been a Lebron fan. His antics usually bother me, this however is a very grand gesture and gives me a little insight into who he actually is as a person. Much respect, this is a truly admirable thing to do.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:18 am
by GimmeDat
Kudos to LeBron. Awesome act.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:18 am
by MartyCONLONNN
this is actually really cool. props to Bron
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:19 am
by ChosunX
UncleBresk wrote:I have never been a Lebron fan. His antics usually bother me, this however is a very grand gesture and gives me a little insight into who he actually is as a person. Much respect, this is a truly admirable thing to do.
Plenty of companies do similar things and then they give money to politicians that screw people over.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:22 am
by NBAfan3024
His city is very important to him so props to him for this
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:23 am
by WESCO
Nice tax write off /green font
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:28 am
by Rastas
Huge respect mr James
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:29 am
by hsb
This is flat out awesome. Round of applause for James.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:31 am
by PaulieWal
ChosunX wrote:UncleBresk wrote:I have never been a Lebron fan. His antics usually bother me, this however is a very grand gesture and gives me a little insight into who he actually is as a person. Much respect, this is a truly admirable thing to do.
Plenty of companies do similar things and then they give money to politicians that screw people over.
Yeah, man LeBron has already screwed a lot of people over by changing teams
.
Leave it to you to somehow downplay sending 1100 kids to college.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:33 am
by ChosunX
PaulieWal wrote:ChosunX wrote:UncleBresk wrote:I have never been a Lebron fan. His antics usually bother me, this however is a very grand gesture and gives me a little insight into who he actually is as a person. Much respect, this is a truly admirable thing to do.
Plenty of companies do similar things and then they give money to politicians that screw people over.
Yeah, man LeBron has already screwed a lot of people over by changing teams
.
Leave it to you to somehow downplay sending 1100 kids to college.
I just said it's no indication that someone is a moral person or not.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:33 am
by bondom34
Glad to see a story like this with all the bad stuff going on sometimes. Kudos Lebron.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:37 am
by QUIZ
Wow thats actually a huge chunk of his net worth. He's giving back in a big way. Props to him.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:39 am
by knicksup19
WESCO wrote:Nice tax write off /green font
even if so its still a grand act.. and tax write off doesnt mean you get it all back it would just reduce his overall taxable income by said amount which would still result in the same tax bracket..
If it was a simple as Donating and then writing it off and getting it all back everyone would do it to said they did something.
THis is a noble act whether you like him or not (I HATE HIM) give ppl credit when its due.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:44 am
by gustofwind
That's a wonderful thing.
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:48 am
by Jack_Tretton
This reminds me of an experiment done in the 80s for kids in Philadelphia.
https://en.m.wikipedia.org/wiki/Say_Yes_to_Education
Re: LeBron James will spend $41M to send 1100 kids to college
Posted: Sat Aug 15, 2015 4:53 am
by Shem
I shared this news on my Facebook page 4 hours. By then I thought it was old news until I got here and saw it was only 44 minutes old when I opened the thread.
But yeah, it's hard to hate on LeBron when such a generous donation. You gotta have a good heart in there somewhere to do such a kind thing.