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:
“The American father ... is never seen in London. He passes his life entirely in Wall Street and communicates with his family once a month by means of a telegram in cipher.”
—Oscar Wilde (1854–1900)
“A family with an old person has a living treasure of gold.”
—Chinese proverb.
“O God, and the wedding! All her family and her friends
and only a handful of mine all scroungy and bearded
just wait to get at the drinks and food—”
—Gregory Corso (b. 1930)