Charles Kotch, along with his brother David Koch, are owners and executives of Koch Industries. The business was inherited from their father, and since gaining control over it, they have managed to expand and create the second largest privately held company by revenue in the United States. With an estimated net worth of over $34 billion, Charles Koch is one of the ten richest people in the world.
Koch is famous not only for his business and its vast success, but also for his political views
and what he does to support them. Koch found himself deeply disappointed by what he saw happening to the US economy during the presidency of George W. Bush, and has since taken not only a strong stance against things like corporate welfare and governmental overspending, but he has also created ways to educate America’s future through donations to colleges.
During 2014, Koch’s foundations poured over $23 million
into colleges and universities. These donations help provide higher educational programs to bring education and awareness to their fight to create deregulatory government policies and also to elect more conservative candidates in the future. For the most part, the Koch brothers have been very successful in making large and useful donations to schools and being able to garner things like control over curriculums. For the most part, agreements between schools and donors are not made public, so it’s impossible to guarantee what the terms actually are.
George Mason University received the bulk of the donations, over $16 million. Charles Koch has close ties with this particular school, where there are research centers that cater to free market economics and individual liberty. Overall, 13 schools received six figure donations from Koch.
In a statement from the Charles Koch Foundation
, the spokesperson states that the foundation recognizes the importance of supporting numerous ideas so new fields of knowledge can continue to be explored. This, in the end, leads to better ways to live more fulfilling lives. The donations have increased to cater to new research and programs that are focused integral issues that range from corporate welfare to criminal justice reform.
In 2014, the foundations headed by Charles Koch
donated to 216 different schools. Overall, 41 states and the District of Columbia are home to one or more of these institutions. In addition to donations to schools, the Charles Koch Foundation and Fred C. & Mary G. Koch Foundation also donate scholarships and grants ranging in amount from $2,000 to $4,000 each. They also contribute funding to different think tanks, media organizations, and educational centers.
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