Robert F. Smith sure knows how to use his billion-dollar fortune to better his community. Last month the CEO of Vista Equity Partners promised to pay off the student loans of Morehouse’s class of 2019. Now, he’s launched an internship program for ethnically underrepresented students.
Dubbed Intern X, the preparatory program connects rising sophomores with a 2.8 GPA or higher with STEM-related positions at companies in all sectors. The eight-week summer initiative offers opportunities in finance, marketing, software, and real estate, according to its website. So far, AT&T, Price Waterhouse Cooper, Deloitte, Citi, and Vista Equity Partners have all signed on to participate.
The website also notes that some employers will provide relocation and housing assistance. In addition, those selected will receive payment, mentorship, networking opportunities and “robust assignments.” The program is a branch of Smith’s Fund II Foundation whose mission is to “advance social change and create an enduring American legacy.”
In May, that commitment was on full display when Smith served as the commencement speaker for Morehouse College and gave graduates the surprise of their life.
“On behalf of the eight generations of my family that has been in this country, we’re gonna put a little fuel in your bus. This is my class, 2019. And my family is making a grant to eliminate their student loans,” Smith told nearly 400 graduating students. “I know my class will make sure they pay this forward…and let’s make sure every class has the same opportunity going forward because we are enough to take care of our own community.”
Students interested in participating in InternX can sign up via the student registration form.