Family
Joyce Young, Bob Young's aunt, purchased stock in Red Hat Inc. shortly after its founding. When Red Hat's stock rose significantly after its initial public offering in 1999, they sold enough stock to recoup their initial investment, and retained some stocks. By January 2000, the remaining stock was valued in the millions. In June 2000, she donated $40 million to the Hamilton Community Foundation to be used largely in improvement of Hamilton-area health facilities, an act that represented one of the single largest charitable donations in Canadian history. The couple also made significant donations to the Royal Military College of Canada.
Read more about this topic: Bob Young (businessman)
Famous quotes containing the word family:
“A fellow oughtn’t to let his family property go to pieces.”
—Anthony Trollope (1815–1882)
“It was occasions like this that made me more resolved than ever that my family would someday know real security. I never for a moment doubted that I myself would ultimately provide it for them.”
—Mary Pickford (1893–1979)
“The family that perseveres in good works will surely have an abundance of blessings.”
—Chinese proverb.