Jimmy Lustig | Lustig Family Foundation

Jimmy Lustig is an active philanthropist. He and his wife created the Lustig Family Foundation.

Tag: Celebrities

Jimmy Lustig Highlighting Some of the Most Influential Philanthropists

Highlighting Some of the Most Influential Philanthropists

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On June 16, 2022

In James Lustig, Jimmy Lustig, Philanthropy

One of the most important factors that people can consider when it comes to living is giving. Being able to give back to the communities that you live in is a powerful way to create a deeper sense of purpose and make a difference in the world. In the U.S., there is a culture of philanthropy that involves high-net-worth individuals giving to various causes.

Some of the most prominent philanthropists in the world make their impact by giving back a portion of their wealth. Even if you don’t have the necessary resources to support a large number of charitable organizations, you can still give back to the communities that you live in.

Andrew Carnegie

One of the wealthiest individuals in history, Andrew Carnegie died almost a hundred years ago. Despite his passing, he is still regarded as the biggest philanthropist in the world. Due to the growth of the steel industry in the U.S., he was able to create a fortune that was worth almost $200 billion in 2007.

Over the course of his life, he gave away over 90% of his fortune. He established several schools and universities, as well as thousands of libraries and free public libraries across the world. He also supported the construction of thousands of church organs. Carnegie Hall, which is regarded as one of the most famous structures in the world, was also built as a result of his philanthropy.

Paul Tudor Jones

One of the most prominent philanthropists in the United States is Paul Tudor Jones, a hedge fund manager. He is known for his work with the Robin Hood Foundation, which focuses on providing education to children in New York. Through his fund, he has made real and measurable investments.

Through his network of fund managers, Jones could raise additional funds and partners for his charitable organization. He has also been able to create a network effect that has increased the impact of his work.

Bill and Melinda Gates

Bill Gates is one of the most successful entrepreneurs in the history of the information age. Through his company, Microsoft, he has been able to become one of the world’s wealthiest individuals multiple times. He has given away over $100 billion to various charitable organizations. Through his partnership with Warren Buffett, the Bill and Melinda Gates Foundation has focused on multiple global health and education issues.

Ray Dalio

Through his charitable organization, the Ray Dalio Philanthropies, the founder and CEO of the investment firm, Ray Dalio, has supported various causes. His approach to philanthropy is different from other prominent individuals because he doesn’t look for credit and instead focuses on making his donations in secret.

Through his charitable organization, Ray has been able to support various causes. He has partnered with the Boys & Girls Clubs of America to fight human trafficking.

Warren Buffet

One of the wealthiest individuals in the world, Warren Buffett, is also one of the most generous philanthropists. Through his charitable organization, the Warren Buffett Foundation, he has been able to support various causes.

Due to his success in investing and personal frugality, Warren Buffett partnered with Gates to create the Giving Pledge, which urged America’s wealthiest individuals to give most of their wealth to charitable organizations. Through his philanthropy, Warren Buffett has been able to support various causes.

 

Robert Downey Jr.'s Latest Philanthropic Investment

Robert Downey Jr.’s Latest Philanthropic Investment

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On February 17, 2021

In Blog, James Lustig, Jimmy Lustig, Philanthropy, Uncategorized

Iron Man star Robert Downey Jr. has been covertly making headways into the world of environmental research the last few years. In 2019, Downey Jr. founded the Footprint Coalition, an organization geared toward supporting scientific research and sustainability technologies. Earlier this week, Downey Jr. revealed a new arm of the Footprint Coalition at the Davos Agenda of the World Economic Forum: Footprint Coalition Ventures. Downey Jr. explains that Footprint Coalition Ventures will be the investment branch of the organization and that its mission will be seeking out and supporting companies that research sustainability.

Downey Jr. went into further detail on the goals of Footprint Coalition Ventures in an interview with reporters from Fast Company. Downey Jr. explains that creating Footprint Coalition Ventures will put the Footprint Coalition in a better position to help answer vital sustainability questions. Continuing, Downey Jr. says that Footprint Coalition Ventures have two types of funds, one for preliminary investments and the other for subsequent investment opportunities. Furthermore, the company follows a rolling fund investment schedule. In this manner, investors will be able transfer funds to companies on a quarterly basis, making Footprint Coalition Ventures more accessible to different kinds of investors. Downey Jr. adds that such a schedule opens the company to as wide a pool of investors as possible.

Footprint Coalition Ventures focuses on funding companies that research in six areas, including food and agriculture, energy, education, and advanced environmental solutions. Thus far, five companies, including Arcadia Earth and Cloud Paper, have received funds from Footprint Coalition Ventures.

Looking to the future, Downey Jr. says that he plans on using his status as a celebrity to raise awareness on the Footprint Coalition and sustainability ventures in general. While many other celebrities who are involved in similar organizations tend to keep a low public profile, Downey Jr. feels that it is his responsibility to use his platform to influence others. Jonathan Schulhof, who runs the day-to-day business of Footprint Coalition Ventures, points out that the company has used a YouTube video of Downey Jr. detailing the differences between plastic and polyhydroxyalkanoate, a new type of sustainable polymer invented by RWDC Industries, to help woo investors. Schulhof continues that such content can inspire audiences by making something extraordinary seem commonplace.

Five Great Books About Philanthropy In 2020

Five Great Books About Philanthropy in 2020

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On December 15, 2020

In Blog, James Lustig, Jimmy Lustig, Philanthropy, Uncategorized

With so many options out there, how – and why – should people consider giving? The five books below provide many answers to these and other questions, making for fascinating reading, both inspirational and impactful.

One of the best guides to the giving process is the traditional Inspired Philanthropy: Your Step-by-Step Guide to Creating a Giving Plan and Leaving a Legacy, by Tracy Gary. Efficient covers everything from the basics of plan making, working with advisors, the right questions to ask non-profits, and much more. The inclusion of worksheets, resource lists, and descriptions of planning tools is beneficial.

The Promise of a Pencil, by Adam Braun, tells the story of how one man’s actions impacted thousands of lives globally. After encountering a begging child and starting with only $25, Braun built an organization that has helped build over 250 schools worldwide. Inspirational and uplifting, if ever there was an argument for the power of giving, this is it.

In The Soul of Money: Reclaiming the Wealth of Our Inner Resources, Lynne Twist offers positive proof that changing our attitudes towards earning and spending money can make our lives more meaningful and fulfilling. Challenging everyday assumptions about society’s views of money, the author illustrates her journey from conspicuous consumer to non-profit activist in an honest, no-punches-pulled way.

Sharna Goldseker and Michael Moody bring a fresh perspective in Generation Impact: How Next Gen Donors Are Revolutionizing Giving. Moving between first-hand accounts and analysis of a new class of doner’s work, the book shows the impact of young rising stars of philanthropy in disrupting traditional giving models and creating entirely fresh approaches to the field.

Another disruptive approach to giving is Impact Investing: Transforming How We Make Money While Making a Difference by Antony Bugg-Levine and Jed Emerson. The new field of impact investing is thoroughly explained, showing how it’s possible to “blend” investment success with positive change.

This year, perhaps more than in most, it’s essential to consider how a charitable contribution can positively impact peoples’ lives. The wisdom and practical advice that abound in the five volumes discussed will hopefully inspire and energize in equal measure.

The Most Philanthropic Athletes James Lustig

The Most Philanthropic Athletes

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On August 20, 2019

In Blog, Jimmy Lustig

In this day and age, sports fans around the world demand far more philanthropic activity from athletes than ever before. With athletic contracts and sponsorship deals putting many of today’s athletes into countless Forbes “wealthiest people” lists, it would be quite surprising if these athletes were not giving back to their communities or donating to charities. Fortunately, many of today’s superstar athletes make it a priority to pursue philanthropic endeavors, propelling some of them to even start their own non-profit foundations.

 

The Top 10 Most Philanthropic Athletes

  1. Serena Williams – The world-famous tennis superstar is arguably the leading philanthropic athlete, donating her time and money to a broad range of charities around the world, most notably including UNICEF.

 

  1. Colin Kaepernick – This NFL star has a bad reputation amongst some football fans, however, the former football player has taken up activism full-time and has donated a large portion of his NFL earnings to causes like social justice and education.

 

  1. Ronda Rousey – MMA’s top female athlete of all time has spent a lot of her free time helping out underprivileged children, teens, and young adults.

 

  1. Cristiano Ronaldo – Soccer’s megastar might be one of the wealthiest athletes in the world currently. He is well known for helping children’s hospitals, schools, and other foundations. He also has a habit of donating his winnings from various competitions to charitable causes.

 

  1. Lebron James – He is arguably in the top 5 list of greatest NBA stars to ever play the game. His off-court charity game is equally as impressive as he donates time and money to children’s education through his self-named organization.

 

  1. John Cena – WWE is officially classified as a sport, despite its theatric qualities. There is no acting, however, behind Cena’s leading role in the Make a Wish Foundation charity, helping to grant over 500 wishes so far. He is also invested in spreading awareness and raising funds to beat breast cancer. 

 

  1. Conor McGregor – Despite his bad-boy image, Conor is heavily involved with Irish charities and mentorship programs. He has donated to help out homeless shelters, children’s hospitals, and more.

 

  1. Michael Phelps – The most decorated Olympic athlete of all time is also the most giving. Phelps has donated millions of dollars of his own money and his time to help underprivileged kids through his own organization.

 

  1. Carlos Beltran – Baseball’s most charitable player is without a doubt Carlos Beltran. He is known to occasionally drop millions of dollars into children’s charities that he supports, and has started his own organization to provide hurricane and natural disaster relief. 

 

  1. Tiger Woods – Despite his marital meltdown and slight fall from grace, Woods has always been a huge giver and continues to be. He is particularly well known for helping impoverished young adults pay for college.
Jimmy Lustig Five Charitable Celebrities

Five of the Most Charitable Celebrities

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On December 27, 2018

In Blog, Jimmy Lustig, Philanthropy

Celebrities all around the world are dedicated to philanthropy. Many have started their own foundations that aim to tackle a specific area of need for the world. These five celebrities are only some of the many who are doing their part to make the world better for everyone.

Leonardo DiCaprio
Since 1998, DiCaprio has raised at least $61 million for over 65 conservation, bio-diversity and climate-change programs. He has also donated around $3.2 of his own money to charitable causes. He founded the Leonardo DiCaprio Foundation, which is dedicated to helping protect the Earth and vulnerable wildlife.

Oprah
Oprah has used her platform to raise hundreds of millions of dollars for charitable causes. After Hurricane Katrina devasted the Gulf coast, she donated $10 million to relief efforts. She helped to lobby for the National Child Protection Act, known as the Oprah Bill, that created a database of convicted child abusers. In 2007 alone, she spent $50.2 million on health care, education, and advocacy for women and children. She also founded the Oprah Winfrey Leadership Academy for Girls, which serves underprivileged girls in grades 8 to 12 living in nine provinces across South Africa.

Elton John
In 2016, Elton John reached the top of the Sunday Times Giving List for donating around $38 million to different charities. The majority of his donations go to organizations that are helping to fight HIV/Aids. He also started the Elton John AIDS Foundation, which for 24 years has helped those at risk of or living with HIV by providing them with access to medication so that they can live normal lives.

Michael Jordan
A basketball legend, Jordan is also a legend in terms of charitable giving. In 2016, he pledged $2 million to help build trust between law enforcement officers and communities of color around the country. The donation was divided between the International Association of Chiefs of Police’s Institute for Community-Police Relations and the NAACP Legal Defense and Educational Fund. He has also donated to over 20 charities in Chicago aimed to help needed children and given $5 million to the National Museum of African American History and Culture.

Dolly Parton
Dolly Parton founded the Dollywood Foundation in 1988 to offer scholarships to high school students. It then grew into the Imagination Library, started in 1995, that gives children free books each month up until the age of five. Every month, this foundation serves around 1 million children and donated its 100 millionth book in March of this year. After wildfires came through Tennessee in 2016, the Foundation grew again into the My People Fund, which donated $1,000 a month to every family that lost their home in the fire.

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