Not all billionaires are solely focused on growing their wealth and flaunting their extravagant purchases on social media. Some, like Rob and Karen Hale, use their wealth to consistently give millions of dollars to various charities, particularly smaller ones that they know need it the most.
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As the co-founder and president of Granite Telecommunications and co-owner of the Boston Celtics, Rob’s current net worth is estimated at $5 billion. The Hales are aware of how fortunate they are and feel that it is their duty to pay it forward to their community.
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They recently donated $28.5 million to 29 nonprofit organizations, some of which are focused on cancer and environmental issues. They have also donated to groups focused on shelter concerns in the Dominican Republic and on providing access to volunteer projects for Boston children.
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Rob and Karen understand the challenges faced by small organizations with worthwhile causes and aim to ensure their survival by providing financial contributions as charity endowments.
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Their donations have supported organizations such as the Joe Andruzzi Foundation, South Short Stars, hospitals, and the Ron Burton Training Village. What’s even more inspiring is that other billionaires, including Warren Buffett and MacKenzie Scott, are also using their wealth and resources to close the wealth gap and support important organizations.
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With the Hales’ financial support, these organizations can continue to operate and have some financial security during these uncertain times.