Tom Golisano's Historic Philanthropic Donation of $360 Million

In a remarkable display of generosity, billionaire entrepreneur and philanthropist Tom Golisano has announced a historic donation of $360 million to 82 non-profit organizations across Upstate New York. This monumental pledge, made on September 17, 2024, marks a significant milestone in Golisano's philanthropic journey, effectively doubling his lifetime donations to a staggering $775 million.

The Announcement

The announcement took place at the Golisano Institute for Business and Entrepreneurship in Brighton, where Golisano expressed his emotional commitment to giving back to the community. Hundreds of attendees gathered to witness this pivotal moment, which Golisano described as a "major announcement impacting Rochester, Buffalo, and Syracuse."

During the event, Golisano shared his philosophy on wealth, stating, "One of my favorite sayings is the only wealth you keep is that which you give away, and I’m so lucky to be able to live that out." His heartfelt words resonated with many, as he fought back tears while discussing the impact of his contributions.

Beneficiaries of the Donation

The $360 million donation will be distributed among various organizations, with awards ranging from $250,000 to $20 million. The funds are aimed at supporting critical areas such as healthcare, education, disability services, and animal welfare. Notable recipients include:

• Nazareth University, which received a $5 million award.
• Various organizations in Rochester, Buffalo, and Syracuse that focus on community development and support services.

This extensive list of beneficiaries highlights Golisano's commitment to enhancing the quality of life for residents in these regions.

Golisano's Legacy

Tom Golisano is not only known for his philanthropic efforts but also as the founder of Paychex, a leading payroll and human resource services company. His contributions to the community have earned him a reputation as a civic leader and a champion for various causes.

His previous donations have included significant contributions to healthcare facilities, educational institutions, and organizations that support individuals with disabilities. The recent donation further solidifies his legacy as one of the most impactful philanthropists in the region.

Community Impact

The announcement has sparked excitement and gratitude among community leaders and residents alike. Many organizations expressed their appreciation for Golisano's generosity, emphasizing how these funds will enable them to expand their services and reach more individuals in need.

For instance, local leaders from various non-profits gathered to celebrate the announcement, highlighting the potential for enhanced programs and services that will directly benefit the community. The infusion of funds is expected to create new opportunities for collaboration among organizations, fostering a spirit of unity and shared purpose.

Media Coverage

The news of Golisano's donation has garnered widespread media attention, with numerous outlets covering the event and its implications. Articles from Yahoo Finance, WKBW, Democrat and Chronicle, and other local news sources have detailed the announcement and its significance.

• Yahoo Finance reported on the emotional aspects of Golisano's speech, emphasizing his belief in the importance of giving back.
• WKBW highlighted the community's response and the anticipated impact of the donations on local non-profits.
• Democrat and Chronicle provided a comprehensive list of the organizations that will benefit from the funding, showcasing the breadth of Golisano's philanthropic reach.

Tom Golisano's $360 million donation is a testament to his unwavering commitment to philanthropy and community service. As he continues to make a profound impact on the lives of countless individuals across Upstate New York, his legacy as a philanthropist and civic leader will undoubtedly inspire future generations to follow in his footsteps.

For more information on the donation and the organizations involved, you can read the full articles on Yahoo Finance and Democrat and Chronicle.