The late Peter Buck, co-founder of sandwich giant Subway, left instructions in his will to give 50 percent of the chain to a charitable foundation he and his wife set up in 1999, the foundation announced Monday.
"This gift will allow the Foundation to greatly expand its philanthropic endeavors and impact many more lives, especially our work to create educational opportunities for all students, work Dr. Buck cared so deeply about, Carrie Schindele, executive director of the Peter and Carmen Lucia Buck Foundation, said in a news release.
Buck, who died in late 2021, planned to give his share of Subway to the foundation more than a decade ago, according to a news release.earlier this month stated that Subway was considering a sale that would value it at more than $10 billion. If that sale does take place, that would value Buck's donation at $5 billion — one of the biggest single donations to a charitable organization in one year, according toBuck joins a small group of billionaires who have given up stake in their companies.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tesla Model Y or Ford Mustang Mach-E: Which Has More Bang for Your Buck?With Tesla and Ford dropping prices on their popular all-electric crossover SUVs, which one ends up being the better value?
Leer más »
Charter supporters wonder if Hochul has ‘cojones’ to buck left by lifting statewide capCharter school supporters will be watching closely to see if Gov. Kathy Hochul will make good on a campaign promise by pushing to lift a cap on their number through the state budget.
Leer más »
Oh chute: Contractor for busted 2/3 subway elevators behind on other repairsThe MTA’s program to replace elevators at three subway stations in Brooklyn and Manhattan is months behind an already extended deadline and spending almost double the original budget, agency …
Leer más »
Confusion over late whistle during Chiefs-Bengals AFC Championship gameReferees sunk the Chiefs-Bengals AFC Championship game into wide-scale confusion and overshadowed what was otherwise a classic fourth quarter.
Leer más »