Elisabeth DeLuca, the wife of the late Subway founder, has become the latest billionaire philanthropist. Since her husband’s death, DeLuca has given over $100 million to dozens of charities and organizations.
Who Is Elisabeth Deluca?
Elisabeth and Frank DeLuca were high school sweethearts who achieved success in their fields. Elisabeth was a nurse whereas her husband went on to create Subway, the largest sandwich and fast food chain in the world.
When the business started getting larger, Elisabeth quit nursing to work with Frank. After his death, Elisabeth was left with billions as well as half of the stake in the company.
She then helped sell Subway to Roark Capital, the owner of Dunkin Donuts and Arby’s. The sale gave Elisabeth and the DeLuca family an estimated $3 billion.
With her hefty inheritance…
DELUCA BECAME A PHILANTHROPIST AND FREQUENT DONOR FOR EDUCATION AND CONSERVATION CAUSES.
Where Does This Philanthropist Donate?
DeLuca has a net worth of an estimated $8.2 billion, making her one of the wealthiest female philanthropists in the world. She concentrates most of her spending in Connecticut, where she was raised, and Florida, where she lives now.
RAISED IN AN IMMIGRANT FAMILY, ONE OF DELUCA’S CORE VALUES IS GOOD, ACCESSIBLE EDUCATION AT EVERY LEVEL.
One of her largest donations to date was a record-breaking $40 million to the University of Connecticut, her alma mater. The funds from this gift will go toward the construction of a new nursing facility.
Her collegiate gifts do not end here, as she’s also given $5 million to Broward College in Ft. Lauderdale. DeLuca also is a frequent donor at Boys and Girls Clubs across the country, already having donated over $8 million to that organization alone.
As for her conservation donations, what she has given is not measured in dollars, rather it’s measured in acres.
Before his passing, Frank DeLuca purchased 27,000 acres of land in Florida’s “wildlife corridor”. The plan was to use the land just outside of Osceola County to build an eco-sustainable city.
But unfortunately, the plan fell apart and when Elisabeth inherited the real estate, she fell in love.
She gave it to the University of Florida with one condition…
That nothing be built on the environmentally sensitive lands. The University of Florida now uses the land as a living classroom and laboratory for students and researchers.
Whatever lies ahead of Mrs. DeLuca and her path as a philanthropist is yet to be seen. But one thing is certainly true…
She knows that the end game is not about possessing…
It’s about giving.
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