that is nice bonus change
Report: Ross to give $200 million in largest-ever donation to University
The article gives the details and apparently there is a press conf today (Wednesday). Impressive. Some of the donation will go to athletics.
Stephen M. Ross – Michigan grad and owner of the Miami Dolphins – has signed his name on the Giving Pledge with the goal of donating half of his wealth to charity. As many may know, Warren Buffett and Bill and Melinda Gates started it a few years ago. Ross along with others were announced recently as new members in the group.
Prominent in real estate, Stephen M. Ross founded Related Companies and today is the owner of the Miami Dolphins. In his pledge letter, he says "I turned a 10-page business plan" -- created after he'd been fired by a New York financial firm -- "into over a $15 billion business." Formerly private in his philanthropy, he says he joined The Giving Pledge hoping to inspire others to give.
Good for him and all the others. Great to see people willing to make such sacrificies in this world.
Article in Forbes about Stephen Ross