Smith has been working overtime to ensure he does all he can to help create generational wealth for students of color. In 2019, he paid off the student loan debt for the entire graduating class of Morehouse College, eventually extending that debt payoff to the students’ parents as well. Then in 2020, Smith donated $50 million to his Student Freedom Initiative to support STEM students. The organization is a public charity dedicated to ensuring freedom in career and life choices for students attending Minority Serving Institutions.