Frank Baker, the founder and managing partner of Siris, a leading private equity firm in technology and telecommunications that’s raised nearly $6.0 billion in capital, announced he is paying the tuition balances of about 50 seniors who are graduating from Spelman.

You May Also Like “The people who my heart really goes out to are women in their senior year who can’t afford it anymore and have to drop out,” says Baker.

Baker has spent $250,000 to cover the tuition balances of about 50 women so they could graduate this year with no money owed to Spelman College.

You May Also Like This surprise financial gift to an HBCU comes one year after Billionaire Robert F. Smith paid off all the loan debt for the graduating class of Morehouse College.

Actually, Baker has been colleagues with Smith for years.