Metro Buffalo can expect a new charitable windfall worth hundreds of millions of dollars thanks to the generosity of Ralph C. Wilson Jr., the late founder of the Buffalo Bills.
Wilson’s estate recently agreed to sell the Bills to Terry and Kim Pegula for $1.4 billion, and an informed source told The Buffalo News on Friday that a large portion of that money will go to the Ralph C. Wilson Foundation.
What’s more, the source said that Wilson instructed that the money be spent only in Detroit – his hometown – and Buffalo.
The source also told The News the foundation will be aggressive in supporting charitable causes in Buffalo and that its endowment will dwarf that of the Buffalo-based John R. Oishei Foundation, which describes itself as the area’s largest private foundation, with more than $300 million in assets.
“This just seals Ralph Wilson’s legacy as just a great benefactor for Buffalo and Western New York,” said Rep. Brian Higgins, a Buffalo Democrat who said he received word of Wilson’s latest and largest gift to Buffalo a few days ago. “This is huge.”
Sen. Charles E. Schumer, D-N.Y., said: “This leaves me breathless, and all that can be said, from the bottom of our hearts, is: Thank you, Ralph.”
Wilson’s estate recently agreed to sell the Bills to Terry and Kim Pegula for $1.4 billion, and an informed source told The Buffalo News on Friday that a large portion of that money will go to the Ralph C. Wilson Foundation.
What’s more, the source said that Wilson instructed that the money be spent only in Detroit – his hometown – and Buffalo.
The source also told The News the foundation will be aggressive in supporting charitable causes in Buffalo and that its endowment will dwarf that of the Buffalo-based John R. Oishei Foundation, which describes itself as the area’s largest private foundation, with more than $300 million in assets.
“This just seals Ralph Wilson’s legacy as just a great benefactor for Buffalo and Western New York,” said Rep. Brian Higgins, a Buffalo Democrat who said he received word of Wilson’s latest and largest gift to Buffalo a few days ago. “This is huge.”
Sen. Charles E. Schumer, D-N.Y., said: “This leaves me breathless, and all that can be said, from the bottom of our hearts, is: Thank you, Ralph.”
But, but, but Ralph is a greedy bastard who does not care about Buffalo
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