In addition to his well know success in the media industry, through the Sumner Redstone Charitable Foundation and personal donations, Mr. Redstone has devoted himself to a wide variety of civic and community affairs efforts, contributing over $130 million to worthy charities around the world over the last several years. He has donated $2.1 million to the Global Poverty Project towards eradicating polio and funded the establishment of the Cambodian Children's Fund child rescue center along with research and patient care advancements in cancer, burn recovery and mental health at several major non-profit healthcare organizations. Many of his major gifts have been focused on encouraging the acceleration of basic research into clinical trials and, ultimately, to individuals and their families.
Mr. Redstone has supported such internationally recognized programs as A Place Called Home, The Child Rescue Association of North America, Autism Speaks, FasterCures/The Center for Accelerating Medical Solutions, based in Washington D.C.; the prostate cancer research of Dr. David Agus at the University of Southern California's Keck School of Medicine; the Massachusetts General Hospital in Boston, Massachusetts; Boston Latin School and Harvard University and Harvard Law School. He has also been an active supporter of Los Angeles based organizations such as Friendly House and the Barbra Streisand Women's Heart Center at Cedars Sinai.
Mr. Redstone has played a significant role in the affairs of the entertainment and communications industries. He is a member of the Advisory Council for the Academy of Television Arts and Sciences Foundation and is on the Board of Trustees for The Paley Center for Media. He also served as Chairman of the Board of the National Association of Theatre Owners, and currently is a member of the Executive Committee of that organization. Before that, he was President of the Theatre Owners of America.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts