As a nonprofit public charity, we have raised a significant amount of donated funding that supports our efforts. Among other donations, the Initiative’s initial funding includes a $50 million personal gift from Robert F. Smith — philanthropist and Founder, Chairman and CEO of Vista Equity Partners — and a $50 million gift from the Fund II Foundation — a charitable organization committed to advancing social change, of which Mr. Smith is founding director.

In addition, all funds received from students under our Student Freedom Agreements will be recycled back into our program, and we will use these funds to give future students the same opportunities.