The 51-year-old Burbank and his wife, Seon Chun-Burbank, a professor at Vanguard University, had plans to buy a new 40-foot sailboat just a few short months ago. But that plan changed after Burbank heard a December church sermon on giving.
"Sailing has been a big part of my life," Burbank, who began sailing at age 3, told the OC Register. "(But) the boat seemed like a real selfish thing to me at that point. This is something significant that I think is going to impact a lot more people than just me."
Burbank's offer includes funding two years of community college and two years at a California state university (or the equivalent if they plan on attending a different college), plus money for books for teacher Tessa Ashton's entire class of kindergartners – the Class of 2032.