There are billionaires that spend their time figuring out how to expand their money and possessions. However, not all millionaires are created equal.
Then there are the multibillionaires who donate millions of dollars to various organizations every week to guarantee that they continue to change and improve people’s lives.
Rob and Karen Hale, an affluent couple, have continuously done this for the previous 52 weeks. They do, in fact, have a lengthy history of philanthropic giving. However, the pair has recently focused on helping smaller nonprofits.
The pair understood they were in desperate need of it.
Rob is the co-founder and president of Granite Telecommunications, as well as a co-owner of the Boston Celtics. Forbes estimates his current net worth to be $5 billion.
Rob and Karen are mindful of how fortunate and privileged they are, as they have more money than they could possibly spend as a result of their success at Granite Telecommunications and the Boston Celtics.
Because their community will benefit much from their financial contributions and gifts, they are all in support of sharing their joys and good news with it.
As of late September, the couple had given $28.5 million to 29 nonprofit groups, several of which are involved in cancer and environmental work.
The Hales have also made gifts to organizations working on shelter issues in the Dominican Republic and initiatives aimed at providing access for Boston youth interested in volunteering.
The wealthy couple is well mindful that many small groups with worthy causes and activities struggle to get funds and support.
Rob and Karen provide money as charitable endowments to assure that these organizations may continue to exist. Non-profit organizations can generate yearly income streams from which they can deduct a set amount for this purpose.
Many of these multimillion-dollar gifts go to non-profits such as the Joe Andruzzi Foundation, which helps cancer patients, and South Short Stars, which provides high-quality early education and youth development activities for the neighborhoods of south Boston.
In addition, the Hales have donated millions of dollars to various Boston hospitals and organizations, including Domestic Violence Ended (DOVE), which will immediately aid victims and survivors and may lead in the construction of a new building for the group.
The Ron Burton Training Village, administered by Steve and Paul Burton of WBZ-TV, is another group that has benefitted from these million-dollar contributions.
The nicest aspect is that other people’s money is being shared in addition to the Hales’. The world’s billionaires are expanding their fortunes while also finding ways to contribute some of their extra income.
These billionaires and business magnates, including Rob Hale, Warren Buffett, and MacKenzie Scott, are putting their money and talents to work to bridge the wealth gap.
They can ensure the existence of these essential organizations and offer them with some financial security in these uncertain times thanks to the kind financial assistance of Rob and Kate Hale.
To hear more about the remarkable narrative, watch the video below.