Comment 57310

By HamiltonFan (registered) | Posted January 21, 2011 at 08:56:05

Hey Peter, read this, some more waste of your time. Seems the Hamilton Community Foundation should be very thankful Bob Young's business venture in Red Hat panned out thanks in large part to his aunt that believed in him. And perhaps one day when Bob is old and retired, he will give directly to a Hamilton organization such as the HCF as his aunt did with the money Bob has earned over the years from his business ventures.

The city can choose what they want therefore they have the leverage IMHO. Negotiations are difficult sometimes Peter, that is the way the world works:

"Joyce Young of Ancaster, Bob's aunt, made a stunning donation of $40 million in Red Hat stock to the Hamilton Community Foundation in 2000. It was then the second-largest single gift by a Canadian. It immediately doubled the $2 million HCF was handing out to more than 200 local organizations. The remarkable act also had unforeseen consequences in inspiring Hamilton Health Sciences Foundation's successful and unprecedented $100-million Cornerstone of Care campaign. As then foundation president and CEO Mike Farrell said of Joyce Young's contribution: "A sea change started then in philanthropy in Hamilton."

http://www.foreverhenderson.ca/philanthr...

Also : http://www.hcf.on.ca/donors_stories_youn...

And kudos to Mark Cripps of the Stoney Creek News for writing this piece:

http://www.stoneycreeknews.com/opinions/...

Comment edited by HamiltonFan on 2011-01-21 09:33:42

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