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One Company Paid $29 Million to Cover Every Request Made by a Teacher on Popular Crowdfunding Site

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Many teachers turn to crowdfunding sites to gather funds for a variety of tasks related to educating their students and providing children with needed supplies. One such website, DonorsChoose.org, had over 35,000 campaigns listed by teachers and various public schools. And a single company stepped up and decided to fund them all.

Ripple, an international payment company and cryptocurrency, donated $29 million in cryptocurrency to cover requests made by teachers and public schools. In total, 35,647 campaigns – 28,210 from teachers and 16,561 from public schools – were funded with the donation.

“It’s a public schoolteacher requesting a classroom library. A field trip. A set of art supplies. A pair of microscopes. It’s about requesting experience or tools to provide a student learning experience,” said Charles Best, the founder of Donors Choose, according to a report by CNN.

“It’s fair to say there’s never been a day that this many classroom dreams have come true,” Best stated.

“At Ripple, we care about giving back to our community and we collectively value the importance of quality education in developing next generation leaders,” said Monica Long, Ripple’s SVP of Marketing, in a statement.

“DonorsChoose.org’s track record speaks for itself – they are highly effective at improving the quality of education and the experience of teachers and students across America. We’re proud to work with them to support classroom needs across the country.”

According to a statement on Ripple’s website, the donation is estimated to impact around 1 million students in public schools across the country.

“We believe in the wisdom of the front lines,” said Best. “Hardworking, passionate teachers know their students’ needs better than anyone else in the school environment. If we can tap into their needs, we can unleash smarter solutions and employer those people on the front lines.”

Ripple’s donation was made in conjunction with DonorsChoose.org’s #BestSchoolDay project, a movement inspired two years ago when Stephen Colbert, a member of the site’s board of directors, declared he was going to fund every school project made in his home state of South Carolina.

Subsequently, according to Best, “50-plus people gave more than $14 million and, to us, that represented the idea of a best school day.”

Best stated that the response to the #BestSchoolDay project has been overwhelming, saying, “An outpouring of joy would not be an overstatement.”