The Deacon's Bench

The Deacon's Bench

Tom Monaghan pledges to give away half his fortune

posted by jmcgee

He’s joined a growing list of zillionaires who have decided that, since you can’t take it with you, you might as well give it all away.


Tom Monaghan, the founder of Ann Arbor-based Domino’s Pizza who now focuses his time on Catholic philanthropy, is officially pledging to give away at least half his fortune.
Monaghan signed the “Giving Pledge,” a campaign by Microsoft co-founder Bill Gates, his wife Melinda Gates and investor Warren Buffett to convince the nation’s extremely rich people to donate at least half of their wealth to philanthropic causes before or after their deaths.

Monaghan’s net worth today is unclear. BusinessWeek estimated in 2005 that he had $500 million in assets but had already distributed or pledged to give away $451 million.
“I came into the world penniless and as a Catholic Christian, I know that I cannot take any of it with me, so it has long been my desire to use the material resources that I have been blessed with to help others in the most meaningful ways possible,” Monaghan wrote in a letter explaining his pledge.

“I am very grateful not only for the resources that I have been blessed with, but the opportunity to use these resources to help others in the best way I know how.”
Since selling his homegrown global pizza delivery chain in 1998, Monaghan has focused his time almost exclusively on his efforts to spread Catholicism through education. In 2009, his Ave Maria School of Law moved from Ann Arbor to Naples, Fla. to be located near Ave Maria University in Ave Maria, Fla.

Monaghan indicated in his letter that he plans to focus most of his donations on his Catholic education initiatives.

There is much more, including the text of the letter, at the link.

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posted August 5, 2010 at 5:56 pm

Well good for Tom! I suggest he direct the money to counter act the dispicible obcession Buffett and Gates have with “population control”, as do many in the billionaire club.
Once again, never under estimate how the evil always packages these things so nicely. The truth is, much of this money is beign used for abortions and sterilizations.

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posted August 5, 2010 at 10:57 pm

i am a catholic in need ….tom can you help ?

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posted August 6, 2010 at 12:02 am

Klair could you please spare some thought for the good that Gates and Company do? Granted their thoughts on birth control mistaken to say the least. However the good that they do (e.g. vacinations) is helpful and gives true good to nthe people at the receiving end.

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posted August 6, 2010 at 1:03 am

Barton did you ever wonder what all is IN those vaccines? Bill Gates just admitted at a conference in Long Beach earlier this year his desire for “birth control” vaccinations. I hate to shock you, but google Bill Gates and birth control and have a read; prepare to be shocked. Gates and Buffett are obcessed with population reduction.
As for the good, well, what can I say, people are easily fooled.
I have no doubt that in between the evil, Gates has certainly done some great things and improved lives. The fact still remains that he uses a lot of his wealth for the greatest of evils, destroying life and love. All the computers and libraries in the world could never compare to the destruction or contraception of one human life.
We should all pray for Bill and Warren

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vincent chaffee

posted August 6, 2010 at 8:59 am

Maybe Mr. Monaghan could pay for spelling tutors for internet users.

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posted September 5, 2010 at 12:47 pm

Barton, if you are still reading, and think that I am mistaken regarding Bill Gates and “vaccine birth control”, have a read!
I continue to be amazed as to how clueless most in this country are reagarding the “population control” by our elites to sterlilize the “non elites”, unknowingly even to pregnant women, often forcing miscarriges in addition to the “sterilizations.”

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