Steve Morgan makes £200m donation
Redrow founder and chairman Steve Morgan has transferred 42 million company shares to his charitable vehicle, The Morgan Foundation.
The gift of 11.36% of the issued share capital of Redrow plc represents a donation of £200m.
Steve Morgan set up the charity in 2001. Since that time it has committed £35m to good causes in North Wales, Merseyside, West Cheshire, and North Shropshire, establishing itself as one of the biggest charities in the region.
Jane Harris, administrator of The Morgan Foundation, said: “Steve Morgan's incredible generosity will mean a huge and profound step-change for The Morgan Foundation. Our ethos is based on making a difference and Steve's gift of over £200m means we will be able to help thousands of more people in need. We can also ramp-up the donation of smiley buses which have made such a positive impact to the disabled and socially isolated in our region.”
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This article was published on 17 Feb 2017 (last updated on 17 Feb 2017).