Tuesday, February 11, 2014
David Koch $600 Million and Counting To Charity: Arts, Medicine, and Theater
So it seems like David Koch has been pretty generous with his money lately. A while back I talked about how generous David Koch was with his money which can be found here. This year Koch was very generous again donating $100 million (over 10 years at $10 million per year) to New York Presbyterian Hospital (I guess Mr. Koch does care about helping people). A list of large gifts Mr. Koch has given since 2007 can be found here.
In 2012 Koch donated $137 million to charity ($35 million to a museum, $20 million for a day care center at MIT, and $10 million to a food allergy institute at Mount Sinai.
Notice that David Koch has been generous with his own money even though he doesn't have to give anything back. He has already given back to society by helping create a company that now employs 100,000 people helping them put food on the table, help pay for tuition, and helping people pay for vacations. Also people criticize David and his brother Charles of increasing pollution when in fact Koch Industries has been decreasing pollution by making their plants more efficient using fewer resources and David Koch himself is in charge of a Koch subsidiary that purifies water in order to make it drinkable to people around the world.
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