A billionaire resolves to donate $1 million per week for a year.
Superheroes don’t wear capes.
There are billionaires in the world who devote their time to figuring out how to increase their wealth and possessions.
They display their affluence on social media by making the priciest purchases that might feed a small country.
However, not all millionaires are created equal.
Then there are the multibillionaires who donate millions of dollars every week to a range of charities in order to maintain and improve the lives of people.
Rob and Karen Hale, an affluent couple, have continuously done this for the previous 52 weeks. They have a long history of donating to charity. But lately, the pair has prioritized supporting smaller charities.
They were aware of their own most significant need.
Rob is a co-owner of the Boston Celtics and serves as the company’s president and co-founder. Forbes estimates that he is currently worth $5 billion.
Since they have more money than they could ever spend, thanks to their success at Granite Telecommunications and the Boston Celtics, Rob and Karen are aware of how fortunate and privileged they are.
They are passing it along.
They all agree that blessings and good news should be shared with their community because it stands to gain significantly from their financial donations and contributions.
Up to the end of September, the couple donated $28.5 million to 29 charitable groups, some of which work to fight cancer and protect the environment.
Beyond that, it goes on.
The Hales have also given money to organizations addressing shelter issues in the Dominican Republic and initiatives to facilitate access for Boston children interested in volunteering.
The wealthy couple help the difficulty in raising funds and supporting numerous small groups with deserving causes and ambitions.
Truly, they are unstoppable.
For these groups to be able to continue operating, Rob and Karen donate money as charitable endowments. Non-profit organizations can generate yearly income streams that they can use to fund this kind of spending.
The Joe Andruzzi Foundation, which supports cancer patients, and South Short Stars, which offers South Boston’s neighborhoods top-notch early education and youth development programs, are just two examples of the nonprofits that receive support from many of these multimillion-dollar donations.
They also assist to hospitals.
Along with this, the Hales have donated millions of dollars to various hospitals and organizations in Boston, including Domestic Violence Ended (DOVE), which will directly assist the victims and survivors and may lead to the construction of a new building for the organization.
The Ron Burton Training Village, a camp run by Steve and Paul Burton of WBZ-TV, has also benefited from these $1,000,000 donations.
What’s even better is that other people are contributing financial resources in addition to the Hales. The billionaires are doubling their wealth while simultaneously figuring out ways to give away some of their extra money.
These corporate tycoons and billionaires, such as Warren Buffett, MacKenzie Scott, and Rob Hale, use their wealth and resources to bridge the wealth gap.
They can ensure the continuation of these significant organizations and give them some financial security in these uncertain times thanks to Rob and Kate Hale’s generous financial support.