Joyce Young

Joyce Young (born c. 1925) is a Canadian woman famous for a single act of philanthropy and for being the aunt of Red Hat Inc. founder Bob Young.

Young and her husband Bill Young, both residents of Ancaster, Ontario, opted to help their nephew Bob with his high-tech venture shortly after its founding. Red Hat, Inc. is a company dedicated to open source software such as Red Hat Linux, and Red Hat Enterprise Linux.

When Red Hat's stock rose significantly after its initial public offering in 1999, they were able to sell enough stock to recoup their initial investment, but chose to retain some stocks.

By January 2000, the remaining stock was valued in the millions. This enabled her to make, in June 2000, a donation of $40 million dollars 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. A long-time volunteer with local community groups, she later claimed her biggest concern was in giving away the money responsibly.

Read more about Joyce Young:  Projects, Quotes

Famous quotes containing the words joyce and/or young:

    We’re definite in Nova Scotia—’bout things like ships ... and fish, the best in the world.
    John Rhodes Sturdy, Canadian screenwriter. Richard Rossen. Joyce Cartwright (Ella Raines)

    To become aware in time when young of the advantages of age; to maintain the advantages of youth in old age: both are pure fortune.
    Johann Wolfgang Von Goethe (1749–1832)