The Shawn Carter Foundation Raises $20 Million At Black Tie Gala 

Jay z
LOS ANGELES, CALIFORNIA – OCTOBER 13: Shawn Carter attends Los Angeles Premiere Of “The Harder They Fall” at Shrine Auditorium and Expo Hall on October 13, 2021 in Los Angeles, California. (Photo by Leon Bennett/FilmMagic)

On Friday (7/14), The Shawn Carter Foundation hosted a black-tie gala at Pier Sixty in New York City to celebrate the organization’s 20-year anniversary.

The Shawn Carter Foundation was co-founded in 2003 by Ms. Gloria Carter and Shawn “JAY-Z” Carter. Since 2003, the foundation has provided students with college scholarships and tours to historically black colleges and universities, study abroad opportunities, wealth building programs, and more for underserved youth and families from disenfranchised communities.

According to the press release, all proceeds from the gala will help to open the doors of education, travel, enlightenment and experiences to those that may never have thought it possible. 

The night saw a star-studded guest list including but not limited to  Shawn “JAY-Z” Carter, Mrs. Gloria Carter, Beyoncé, DJ Khaled, Lil Uzi Vert, New England Patriots owner Robert Kraft, NFL Commissioner Roger Goodell, Babyface, Regina Hall, Yo Gotti, and Angela Simmons.

By the end of the evening, The Shawn Carter Foundation had raised $20 million that will be used to help individuals facing socio-economic hardships further their education at postsecondary institutions, including a $10 million legacy donation from Jeff Bezos and Lauren Sánchez. The donation will enable the foundation to exponentially expand multiple initiatives including our international exchange program, scholarships and community goodwill and emergency assistance programs. Jack Dorsey donated an additional $2 million to the foundation, as part of his annual contribution.