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:
“If you are a genius and unsuccessful, everybody treats you as if you were a genius, but when you come to be successful, when you commence to earn money, when you are really successful, then your family and everybody no longer treats you like a genius, they treat you like a man who has become successful.”
—Pablo Picasso (1881–1973)
“It’s a family joke that when I was a tiny child I turned from the window out of which I was watching a snowstorm, and hopefully asked, ‘Momma, do we believe in winter?’”
—Philip Roth (20th century)
“Govern a small family as you would cook a small fish, very gently.”
—(20th century)