Becker's Healthcare October 21, 2024
Epic Founder and CEO Judy Faulkner signed a pledge to give away the majority of her money to charitable causes, Forbes reported Oct. 19.
Ms. Faulkner joined “The Giving Pledge,” a commitment by some of the world’s wealthiest individuals to donate the bulk of their fortunes to philanthropy. Through this pledge, Ms. Faulkner plans to donate 99% of her assets, which Forbes estimates to be $7.7 billion.
However, much of Ms. Faulkner’s wealth is tied up in Epic stock, where she holds nearly half the company’s shares. To prevent a large sell-off from destabilizing the company, she created a trust to oversee the gradual sale of her shares. Epic repurchases approximately $100 million worth of...
Today's Sponsors
Today's Sponsor