Sunday, September 24, 2023
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This billionaire couple is giving away $1 million a week to charity this year

There are billionaires that spend their time thinking about how to increase their fortune and get wealthy.

They flaunt their wealth on social media and make the most ludicrous and extravagant purchases that would feed a small country.

Then there are billionaires who make weekly donations of millions of dollars to various non-profits in order to ensure that they continue to change and improve people’s lives.

Image: CBS Boston | YouTube

It’s what millionaire couple Rob and Karen Hale have been doing for the past 52 weeks without fail. They have, in fact, been benefactors for a long time. However, the couple has recently focused on donating to smaller groups.

Rob is the co-founder and president of Granite Telecommunications, as well as a Boston Celtics co-owner. According to Forbes, he is now worth almost $5 billion.

Rob and Karen are very blessed and fortunate to have more money than they could possibly spend from their gains at Granite Telecommunications and the Boston Celtics.

Image: CBS Boston | YouTube

This is why they are all in favor of spreading their blessings and good news to their community, which can greatly benefit from their financial contributions and gifts.

As of late September, the couple had given $28.5 million to 29 non-profit groups, including several active in cancer and environmental activities.

The Hales have also given to groups dealing with shelter concerns in the Dominican Republic and projects aimed at increasing access for Boston youth who desire to participate in service trips.

Image: CBS Boston | YouTube

The affluent couple is well aware that many small groups with worthwhile causes and projects require money and financial backing.

Rob and Karen establish charity endowments to ensure that these organizations can continue to exist. Non-profits can develop annual income streams from which they can use a set amount in this manner.

Many of these multimillion-dollar gifts and charity endowments benefit non-profit organizations such as South Short Stars, which provides exceptional early education and youth development programs to the communities of south Boston, and the Joe Andruzzi Foundation, which assists cancer patients.

Image: CBS Boston | YouTube

Aside from this, the Hales have donated millions of dollars to numerous hospitals and institutions in Boston, including Domestic Violence Ended (DOVE), with the funds directly benefiting victims and survivors and possibly sponsoring the construction of a new building for the organization.

Another recipient of these million dollar donations is the Ron Burton Training Village, which is run by Steve and Paul Burton of WBZ-TV.

Many of these non-profits have annual revenues of less than $5 million. They were also among the hardest afflicted by the pandemic.

After all, it was difficult for these organizations to recruit personnel or host fundraising events electronically.

Image: CBS Boston | YouTube

If non-profits invest in the Hales’ benevolent endowments, their one million dollars can expand over time. This way, they may have a more secure future, not have to worry about where to receive funds, and can instead focus on completing the actual work.

To put it simply, the Hales take joy in making these generous donations. The knowledge that they are assisting people who will assist others is their greatest gift.

And the best part is that the Hales aren’t the only ones who share their fortune.

With the generous financial assistance of Rob and Kate Hale, they can ensure that these important organizations continue to thrive and provide some financial stability in these trying times.

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