There are billionaires around the world who spend their time imagining ways to increase their wealth or get richer.
They spend so much money that they can feed a small nation, and flaunt their wealth on social media.
And then there are billionaires who donate millions of dollars to various non-profits on a weekly basis to make sure they continue to change and improve people’s lives.
It’s what billionaire couple Rob and Karen Hale have been doing without fail for the past 52 weeks. In fact, they’ve been philanthropists for a long time. Recently, however, the couple has been focusing on smaller charities.
Rob is the cofounder and president of Granite Telecommunications as well as co-owner of Boston Celtics. According to Forbes’ estimates, he’s now worth about $5 billion.
Rob and Karen are truly blessed to have more money than they can spend on their profits from Granite Telecommunications or the Boston Celtics.
This is why they’re all for extending their blessings and good tidings to their community, which can benefit significantly from their financial contributions and donations.
The couple donated $28.5 million to 29 organizations as of September 30, including some that are involved in environmental and cancer programs.
The Hales also donated to organizations that deal with Dominican Republic shelter problems and initiatives that aim at providing greater access for Boston youth who want service missions.
The billionaire couple is aware that many small organizations that have great causes and projects are lacking funding and financial support.
Rob and Karen give money to charities in order to ensure these organizations’ sustainability. Non-profits can then generate an annual income stream from which they can use a percentage.
Many of these charitable endowments and million-dollar donations support non-profits such as South Short Stars which provides quality early education and youth programs for the south Boston community, and the Joe Andruzzi Foundation which assists cancer patients.
These donations are not the only ones made by the Hales. They also gave millions of dollars to many hospitals and institutions in Boston, including Domestic Violence Ended. The funding directly benefited survivors and victims, and could even have built a new building.
These one million dollars donations were also made to the Ron Burton Training Village, run by Paul and Steve Burton of WBZ TV.
Many of these non-profits have annual revenues below $5 million. They were also the hardest hit by the pandemic.
It was difficult for non-profits to hire staff or hold fundraising events online.
With the Hales’ charitable endowments, their one million dollars can grow over time if non-profits will invest in them. They can be more secure and not worry about where the money will come from. Instead, they can focus on the important work.
The Hales are happy to make these generous donations. For them, their greatest gift is knowing that they’re helping people who will help other people.
And the great thing about this is that the Hales aren’t the only ones sharing their wealth.
As the world’s billionaires grow their wealth, they’re also finding ways to give away some of their excess riches. These billionaires and business tycoons, like Warren Buffett and Rob Hale, are using their money and resources in an effort to close the wealth gap.
Rob and Kate Hale have generously donated their financial support to ensure that these organizations thrive and provide financial stability for them in these uncertain times.
