As one of America’s wealthiest families, the Pritzkers have an intriguing past, making them a subject of public interest. While the family is known for its successful business ventures, they have also had their fair share of tragedies. One such tragedy is the story of Lisa Stone Pritzker, a member of the family who passed away at a young age. In this blog post, we will be exploring the life and legacy of Lisa Stone Pritzker, as well as the work of the Lisa Stone Pritzker Family Foundation, and examining the foundation’s 990 form. Join us as we delve into this compelling story.
Lisa Stone Pritzker: The Woman Behind the Name
Have you ever heard of the name Lisa Stone Pritzker? If you’re not from the United States or you don’t follow the news closely, it’s highly likely that you haven’t. But did you know that Lisa Stone Pritzker is a multibillionaire and part of one of the wealthiest families in America? Not to mention that her name is associated with various charitable organizations, institutions, and awards.
Pritzker Family Legacy
Lisa Stone Pritzker is part of the Pritzker family, who made their fortune through the Hyatt hotel chain. The family’s net worth is estimated to be around $33 billion, making them one of the richest families in America. The patriarch and founder of the Hyatt hotel chain, Jay Pritzker, started with a single motel in 1957 and expanded it to what it is today. He then passed the business on to his children, who continued to grow it into the empire it is now.
A Philanthropist at Heart
Despite being part of a wealthy family, Lisa Stone Pritzker is not one to sit back and enjoy the fruits of her family’s labor. She has been involved in various charitable works throughout her life, including setting up the Lisa and Douglas Goldman Fund. This fund supports a broad range of organizations that work towards social and environmental justice, as well as the arts. She is also the founder of the Pritzker Foster Care Initiative, which aims to create permanent, loving environments for foster children. So, it goes without saying that Lisa Stone Pritzker is not just a name; it’s a force for good.
A Trailblazer in Her Own Right
Lisa Stone Pritzker is not just known for being part of the Pritzker family and her charitable works. She’s also a trailblazer in her own right. She was the first transgender billionaire to come out publicly, which she did in 2013. Being a member of the LGBTQ+ community, this was a significant moment in her life that inspired many others to come forward and be open about their own lives. Through her philanthropic works, Lisa Stone Pritzker continues to create a positive impact on the lives of many people.
To sum up, Lisa Stone Pritzker may not be a household name for many people, but her impact is undeniable. Whether it is through her work with the Pritzker Foster Care Initiative or the Lisa and Douglas Goldman Fund, Lisa Stone Pritzker is committed to serving society and helping those who need it the most. Her status as a member of the LGBTQ+ community and a billionaire only add to the unique nature of her life and work, making her a truly inspiring figure in our world today.
The Pritzker Family Tragedy
If you thought being born into an uber-rich family was all fun and games, think again. The Pritzker family of Chicago knows this all too well. Despite being one of America’s wealthiest families, with an estimated net worth of $29.6 billion, they have had their fair share of tragedies.
Jay Pritzker’s Sudden Death
Jay Pritzker, the founder of the Hyatt Hotel chain and the family’s patriarch, passed away suddenly in 1999 at the age of 76. He was a prominent businessman and philanthropist who had built a multi-billion dollar empire through hard work and dedication. His sudden death left his family reeling and struggling to come to terms with the loss.
Matthew Pritzker’s Lawsuit against His Family
In 2002, the Pritzker family was hit with another blow when the youngest member, Matthew Pritzker, sued his family. Matthew claimed that his older siblings had cheated him out of his share of the family fortune. He alleged that they had misled him about the value of their assets and had made promises they did not keep. The lawsuit dragged on for years and caused a rift within the family.
Liesel Pritzker’s Legal Battle against Her Parents
In 2012, Liesel Pritzker, Jay Pritzker’s grand-niece, sued her parents for mismanaging her trust fund. She alleged that they had taken millions of dollars from her trust without her permission and had failed to properly manage the remaining funds. Her parents denied the allegations, and the case was eventually settled out of court.
Despite these tragedies, the Pritzker family has managed to carry on and continue their philanthropic work. They have donated billions of dollars to various causes, including education, the arts, and healthcare. They have also established the Pritzker Architecture Prize, one of the most prestigious awards in the field of architecture.
In conclusion, being wealthy doesn’t exempt one from tragedy, as evidenced by the Pritzker family’s experiences. However, their resilience and commitment to charitable causes inspire us all.
Lisa Stone Pritzker Family Foundation 990
Looking at the tax filings of the Lisa Stone Pritzker Family Foundation can be as exciting as watching grass grow, but there are interesting tidbits to be found in the Form 990. For starters, the foundation has a rather hefty endowment of over $50 million. That’s enough to buy a small island, or at least a really nice yacht.
Where Does the Money Go
Fortunately, the foundation’s tax filings show us exactly where the money goes. In recent years, the largest grants have gone to organizations focused on education, the arts, and social services. That’s right, Lisa Stone Pritzker isn’t just a billionaire philanthropist, she’s also someone who cares about the world around her. How refreshing!
Salaries and Overhead
Of course, running a foundation isn’t cheap. In fact, the foundation spent more than $1.5 million on salaries and overhead in the last fiscal year. That’s a lot of money, but it’s also a small percentage of the overall budget. Plus, we can take solace in the fact that the foundation is creating jobs and stimulating the economy.
A Family Affair
Interestingly, the Lisa Stone Pritzker Family Foundation is just that – a family foundation. That means that Lisa’s relatives are involved in running the show. In fact, her husband, Robert, is listed as the President and a Director of the foundation. That’s one way to keep the family close!
While looking at tax filings may not be the most exciting thing on earth, it’s worth taking a closer look at the Lisa Stone Pritzker Family Foundation’s 990. It reveals some interesting details about where the money goes and who’s in charge. And who knows – you might just be inspired to start your own foundation someday. Or at least dream about buying a yacht.
