Foundation Promises $25-Million to Ariz. United Way
May 2, 2008 | Read Time: 1 minute
The Stardust Foundation, created by real-estate developer Jerry Bisgrove, will give $25-million to the Valley of the Sun United Way Foundation to support administrative costs and encourage other donors to give, reports the Arizona Republic.
The foundation will cover the organization’s administrative costs so it can tell donors all their money goes to the cause they want to support, plus the foundation will match 50 cents for every dollar pledged to United Way over the next five years.
Mr. Bisgrove made his money with an international trucking company and now serves as chairman of Stardust Companies, a real-estate-development corporation in Scottsdale, Ariz.
