Brian Chesky, the Co-founder and CEO of Airbnb, recently revealed plans to donate a significant portion of his compensation package, which could potentially reach $1 billion over a decade. His philanthropic efforts include a $100 million donation in shares to the Airbnb Host Endowment to support hosts and financial assistance to house refugees from Ukraine. However, one of his most notable donations is the creation of the Obama-Chesky Scholarship for Public Service in conjunction with the Obama Foundation. This scholarship was inspired by a conversation Chesky had with former President Barack Obama about the financial barriers that prevent many individuals from pursuing careers in public service.
President Obama shared his own experiences of having student debt until the success of his book allowed him to pay it off. He emphasized that financial constraints often deter individuals from pursuing community service or public service careers. In response, Chesky and Obama collaborated to establish the Voyager Scholarship, which provides financial support to college students interested in public service. Recipients of the scholarship receive up to $50,000 to cover remaining college expenses, a stipend, free housing through Airbnb for work-related travel, and $20,000 in Airbnb travel credit over 10 years for future travel. Additionally, the program offers coaching and networking opportunities to help scholars succeed in their chosen fields.
Chesky’s decision to create the scholarship reflects his desire to expand opportunities for young people beyond the confines of Silicon Valley. He recognized the abundance of financial resources in the tech industry and sought to provide an avenue for those interested in public service but deterred by the high cost of higher education. Coming from a family of social workers, Chesky has a personal connection to the importance of serving others and wanted to support individuals who share that passion. By offering financial assistance and exposure to travel experiences, Chesky hopes to inspire a new generation of public servants who are able to navigate various careers and make meaningful contributions to their communities.
The Obama-Chesky Scholarship for Public Service aims to address the financial barriers that often prevent students from pursuing careers in public service. By providing financial assistance, access to travel experiences, and networking opportunities, the program seeks to empower individuals to follow their passions and make a difference in their communities. Chesky’s commitment to supporting public service reflects his belief in the value of giving back and creating opportunities for underrepresented individuals in the workforce.
Chesky’s philanthropic efforts extend beyond just financial donations, as he is actively involved in initiatives that support and empower individuals pursuing careers in public service. By partnering with the Obama Foundation, he has created a platform for students to engage in meaningful work, gain valuable experience, and contribute positively to society. Through the Obama-Chesky Scholarship for Public Service, Chesky hopes to inspire future leaders who are committed to making a difference and serving their communities in impactful ways.
In conclusion, Brian Chesky’s decision to establish the Obama-Chesky Scholarship for Public Service exemplifies his dedication to giving back and creating opportunities for individuals interested in public service. By providing financial support, travel experiences, and networking opportunities, the scholarship aims to empower students to pursue careers in public service and make a meaningful impact in their communities. Chesky’s philanthropic efforts showcase his commitment to social responsibility and shaping a more inclusive and diverse workforce for the future.
