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:
“There are no adequate substitutes for father, mother, and children bound together in a loving commitment to nurture and protect. No government, no matter how well-intentioned, can take the place of the family in the scheme of things.”
—Gerald R. Ford (b. 1913)
“Civilization, for every advantage she imparts, holds a hundred evils in reserve;Mthe heart burnings, the jealousies, the social rivalries, the family dissensions, and the thousand self-inflicted discomforts of refined life, which make up in units the swelling aggregate of human misery.”
—Herman Melville (1819–1891)
“At best the family teaches the finest things human beings can learn from one another—generosity and love. But it is also, all too often, where we learn nasty things like hate, rage and shame.”
—Barbara Ehrenreich (20th century)