Stardust CEO Jerry Bisgrove pledges record $25M to Valley of the Sun United Way
Stardust Cos. CEO Jerry Bisgrove has pledged $25 million to the Valley of the Sun United Way Foundation — the largest donation ever made to the local United Way, and the third-largest to any United Way chapter nationwide, said Mary Lou Valenzuela, a spokeswoman for the local chapter.
A longtime United Way contributor, Bisgrove made the announcement at a private event held Thursday night for members of the Tocqueville Society, a group comprising those who have donated $10,000 or more to the local chapter.
While the Valley of the Sun United Way conducts an annual giving campaign aimed at funding day-to-day operations of its social service programs, it recently launched an Endowment Campaign to build a reserve to ensure the group’s long-term financial prosperity payday loans. The initial fundraising goal is $75 million.
Bisgrove’s Stardust Foundation will match 50 cents of every dollar pledged over the next five years to the endowment campaign, up to $25 million.
For more: www.vsuw.org.