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:
“Grandmothers are to life what the Ph.D. is to education. There is nothing you can feel, taste, expect, predict, or want that the grandmothers in your family do not know about in detail.”
—Lois Wyse (20th century)
“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)
“True spoiling is nothing to do with what a child owns or with amount of attention he gets. he can have the major part of your income, living space and attention and not be spoiled, or he can have very little and be spoiled. It is not what he gets that is at issue. It is how and why he gets it. Spoiling is to do with the family balance of power.”
—Penelope Leach (20th century)