It is always refreshing to see when business owners give back to their communities and to those around them. In an interesting report released by Ernst & Young, they found that entrepreneurs are more likely to make charitable contributions than are any other type of professionals in the United States. Their study found that 89% of the 160 CEOs and company founders they evaluated donate money and 70% donate their time. Here is a look at a few such entrepreneurs.
Abraham Mitchell: Mitchell co-founded the Mitchell Group which is a real estate firm in Alabama. He has donated over $50 million to the University of South Alabama with $25 million going to academic scholarship endowment programs and the other half going to the Mitchell College of Business.
Jimmy John Liautaud: Jimmy John is the owner of Jimmy John’s Sandwich shop with thousands of locations across the United States. When asked about his charitable giving, Jimmy John Liautaud said, “I was bullied as a kid and as an adult I have been discriminated against for being overweight. It hurts. I decided long ago that I would take that hurt and turn it into a positive by giving to people who need a helping hand.” Jimmy John gives back in a number of ways. He offers dental work to store employees and he funds the operational costs of the Francis Nelson Smile Healthy dental clinic in Champaign, Illinois. He also supports good health by giving to hospitals, he supports the armed forces and funds education programs.
James Clark: The co-founder of Netscape is certainly at the top of the chart for financial giving. He donated $60 million in 2013 to Stanford University’s James H. Clark Center for Biomedical Engineering and Sciences. He was one of the founders of this department in 1999 and he had already gifted it $90 million before the donation in 2013.
Abraham Mitchell, Jimmy John Liautaud and James Clark are just a few examples of the many entrepreneurs who are giving back and showing the importance of giving in their lives.Read More