Celebrity News

Michael Jordan Donates Multimillion Settlement to Chicago Charities
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Donates settlement winnings

Summary: Michael Jordan has donated a multimillion dollar settlement to 23 Chicago nonprofit organizations.

Michael Jordan has delivered on his promise to donate his multimillion settlement to charities in Chicago. Six years ago Cerberus Capital, parent company to Dominick’s and Jewel-Osco, used his name without permission in a 2009 issue of Sports Illustrated, commemorating Jordan’s entrance to the basketball Hall of Fame. Even after paying off the lawyers for their work, Jordan had enough left over to donate millions to 23 Chicago nonprofit organizations.

  
What
Where


He had in said in August that it was “never about the money,” but he and his lawyers explained in court that his advisers use his identity carefully to maximize profits, and monitor carefully how his name is used. This tactic seems to have worked, considering Jordan is still the highest paid basketball player in NBA history.

“I care deeply about the city of Chicago and have such incredible memories from my years there,” Jordan’s news release stated. “The 23 charities I’ve chosen to make donations to all support the health, education and well-being of the kids of Chicago. Chicago has given me so much and I want to give back to its kids — the city’s future.”

Because the settlement Jordan reached last month was mandated to be undisclosed, the charities have not announced how much he has given them. Nevertheless, Jordan’s staff enjoyed a “fun week” calling charities, such as Chicago Scholars, Chicago Youth Programs, Children’s Literacy Initiative, Christopher House, Common Threads, Erikson Institute, Gary Comer Youth Center, Juvenile Diabetes Research Fund — Illinois, KEEN Chicago, La Casa Norte, La Rabida Children’s Hospital, Make-A-Wish Illinois, New Moms, New Teacher Center, The Ounce of Prevention Fund, Project Exploration, Rehabilitation Institute of Chicago, Sinai Health System, SOS Children’s Villages Illinois and Tutoring Chicago.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Guarding one’s name as a copyrighted item is important for celebrities who have spent their career building an image for themselves. In this regard, it was never “about the money,” but about the money maker. It also appears it was about helping Chicago.

Source: Chicago Tribune





 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

General Municipal Law Attorney with land use experience

USA-CA-Oakland

Oakland office of our client seeks general municipal law attorney with experience advising public ag...

Apply Now

Senior Land Use Attorney with experience

USA-CA-San Francisco

San Francisco office of our client seeks senior land use attorney with 7+ years of experience. The c...

Apply Now

Immigration Attorney with portable business

USA-VA-McLean

McLean office is seeking an immigration attorney with $500,000+ in portable business.

Apply Now

Commercial Litigation Attorney with 4+ years of experience

USA-IL-Chicago

Chicago office of our client seeks commercial litigation attorney with 4+ years of experience. The c...

Apply Now

RELEVANT JOBS

Litigation Associate (Junior to Mid-Level) - Medical Malpractice - Garden City, NY

USA-NY-Garden City

Defense firm seeking junior to mid-level associate for Garden City office to fill Medical Malpractic...

Apply now

Experienced Insurance Defense Attorney Needed

USA-NY-Bohemia

Insurance Defense firm (with 15 attorneys in Suffolk and Mineola location), seeks attorneys with 5+ ...

Apply now

CIVIL LITIGATION ATTORNEY - Employment

USA-CA-Fresno

Lang, Richert & Patch a Fresno area AV-rated law firm located in the highly desirable Fig Garden Fin...

Apply now

ASSOCIATE ATTORNEY

USA-TX-Houston

INSURANCE DEFENSE / TRANSPORTATION LITIGATION Law firm located in North Houston seeking an associ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top