by Benson Agoha | Sports
Michael Jordan has announced the donation of the profits from a recent lawsuit to 23 Chicago nonprofit organizations.
He won a whopping $8.9 settlement after a jury decided that supermarket chain Dominicks' and its subsidiary Jewel-Osco, used Jordan’s name and likeness for an advertisement he did not authorize, according to a report on The Root.
The NBA legend said the lawsuit was never about the money, and he wanted to use the settlement to help Chicago organizations for children.
The court battle has been on-going for the past six years but ended Tuesday.
He was reported to be earning about $100 million a year and entered Forbes rich list of Billionnaires in 2015.
The windfall will be split between several charities which include the following: Chicago Scholars, Chicago Youth Programs, Children’s Literacy Initiative, Christopher House, Common Threads, Erikson Institute, Gary Comer Youth Center, Juvenile Diabetes Research Fund—Illinois, KEEN Chicago, La Casa Norte, La Rabida Children’s Hospital, Make-a-Wish Illinois, New Moms, New Teacher Center, the Ounce of Prevention Fund, Project Exploration, Rehabilitation Institute of Chicago, Sinai Health System, SOS Children’s Villages Illinois and Tutoring Chicago. How this will be shared was not made known to the public.
“I care deeply about the city of Chicago and have such incredible memories from my years there,” Jordan said. “The 23 charities I’ve chosen to make donations to all support the health, education and well-being of the kids of Chicago. Chicago has given me so much, and I want to give back to its kids—the city’s future.”
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| * With his MVO Award. |
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