University of Massachusetts Dartmouth.Boston Globe/Getty ImagesCEO Robert Hale Jr. spoke at UMass Dartmouth's commencement ceremony on Thursday. The telecom billionaire gave each graduate two $500 payments.Hale gifted the second $500 payment on the condition it goes to charity or someone in need.A billionaire gifted graduating students at UMass Dartmouth with "envelopes full of cash" totaling $1,000.Robert Hale Jr., the CEO of Granite Telecommunications, made the announcement during the school's commencement ceremony on Thursday.