Philanthropy by Entrepreneurs

Many entrepreneurs are focused on generating revenue to make a profit. When running your own business, this is the ultimate goal to stay afloat. However, those that do make a profit have a decision about where to spend that money they make. Some entrepreneurs that run profitable organizations have made a practice of donating a large sum of the profit made by their companies. They operate on the platform of making money to support those who need help. Below are some such individuals.

Beth Doane

A self-branded social entrepreneur, this woman supports a number of causes. She is a partner of the all female communications firm, Main & Rose, which builds brands for clients. This company has a pro bono program in which their team works to promote one cause a year. They will do anything from social media management, to event planning, to web design for free. Doane also is the owner of a custom apparel line, which furthers her social entrepreneurship by helping to send children to school, and to plant trees in endangered forests, around the world.

Trina Spear and Heather Hasson

These two women are the founder of the company Figs, which sells high performance scrubs for doctors and nurses. They began the company with the realization that medical wear is outdated and uncomfortable, and those working to save lives all day should be wearing the most comfortable clothing possible. Spear and Hasson set up the Threads for Threads initiative through their company which, for every pair purchased, donates one pair of scrubs to a healthcare provider who cannot afford his or her own. They have given away hundreds of thousands of pairs of scrubs, and hope their donations are cutting down on hospital-acquired infections.

Sarah Kaler

Sarah Kaler is the philanthropic founder of the organization SoulPowered, a company focused on leadership coaching and empowering women to become CEOs. She is very active in philanthropy in Africa. Kaler both invests in African charities, and has created a mentorship program for the Africa Yoga Project, to teach people to be yoga instructors, and how to financially sustain a yoga business.

Dave Heath

This entrepreneurial athlete is the founder and CEO of Bombas, a company that manufactures socks for intense athletic performance. He created the company to assist active people in performing better during their workouts, while also helping people in need. He realized that homeless shelters are requesting socks more than any other item and decided that, for every pair bought, a pair would be sent to someone who needs it. Every employee, on their first day, is required to go hand out socks to, and have conversations with, people living on the streets.

For more inspiring entrepreneurial philanthropists, check out Fox News.

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