Sam Wyly’s Favorite Cause: The Salvation Army
Sam Wyly’s personal connection to The Salvation Army as genConnect celebrates giving back this November
Sam Wyly has been a working entrepreneur for nearly half a century – and a very successful one, at that. He has founded and/or grown notable companies in online computing, computer software products, oil refining, insurance, steakhouse franchising, arts-and-crafts retailing, hedge fund investing, environmentally friendly electricity and Internet carbon offsets.
Sam is one of the biggest individual investors in alternative energy production in the United States and a huge advocate for environmental issues, and, in 2001, bought a 50 percent stake in Green Mountain Energy. Sam and his brother, Charles, together established a global brand of entrepreneurship and philanthropy. Charles died in a car accident in August at the age of 77. He served as a past chairman of the Dallas Advisory Board of the Salvation Army.
“The Salvation Army is one of my favorite charities,” Sam told genConnect. “My brother, Charles, was a long time supporter and served on its Dallas and national boards for many years. Charles rang bells on Main Street, Dallas, for over four decades to help the Salvation Army house the homeless.”
“Charles Wyly’s philanthropic works made a lasting impact on those less fortunate both
here in Dallas and across the country,” said Charlotte Jones Anderson, National Advisory Board Chairwoman for The Salvation Army, after Charles’ passing. “His support for the Army and other nonprofits helped provide social services, education, health care and more to so many Americans over his lifetime.”
For more on Giving Back on genConnect:
- Craig Newmark: How Nonprofits Use Social Media
- Carolyn Everson: What She Learned at Free the Children Kenya
- Marcus Samuelsson: The UNICEF Tap Project (VIDEO)
- What Fuels Lance Armstrong’s Passion For Sports? (VIDEO)
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Category: Charities & Causes, Giving Back
