Ripple commits $25M US school nonprofits
The grant to education nonprofits DonorsChoose and Teach For America is in Ripple USD (RLUSD) and aims to support teachers, students and innovation in education.
Ripple, the US-based crypto services firm behind the XRP Ledger, has committed $25 million in Ripple USD (RLUSD) to education nonprofits DonorsChoose and Teach For America.
According to a May 5 announcement, the grant will be processed through the crypto charity intermediary service The Giving Block. DonorsChoose CEO Alix Guerrier said „teachers are going the extra mile for their students‘ education, even spending hundreds — sometimes thousands — of dollars out-of-pocket for their classrooms.“ The donations are meant to provide teachers with resources for such initiatives.
Ripple cites a 2024 Gallup survey showing that 55% of US parents and adults are dissatisfied with the quality of K-12 education in the United States. This highlights “constraints and gaps in funding for education,” the reports reads. Ripple CEO Brad Garlinghouse said in the statement:
