Chobani Founder Joins Giving Pledge

Chobani Founder Joins Giving Pledge

Chobani LLC founder and CEO Hamdi Ulukaya has joined the Giving Pledge, the campaign created by Berkshire Hathaway CEO Warren Buffett and Bill and Melinda Gates to encourage the wealthiest people in the world to give most of their wealth to philanthropic causes, the Associated Press reports.

The 43-year-old yogurt entrepreneur told the AP he is keenly interested in the plight of refugees around the world and will direct his philanthropic efforts through Tent, a foundation he will fund over time to raise awareness about refugee situations. Last year, Ulukaya pledged $2 million to the United Nations High Commissioner for Refugees to help those fleeing violence in his native Turkey.

Earlier this spring, Sue Ann Arnall, Elie and Susy Horn, Ann and John Jay Jordan, and Sir Ian Wood were added to the list of Giving Pledgers.

Ulukaya dismissed the notion that his philanthropic efforts would distract him from his responsibilities at the yogurt giant, which secured $750 million in financing last year from private equity firm TPG Capital. "It's enough time to do all of it," he told the AP. "I don't believe that you need to leave your business to do social good."

For more information on the Giving Pledge, visit the Eye on the Giving Pledge page on the Foundation Center's site.

Candice Choi. "Chobani CEO Pledges to Donate Most of Wealth." Associated Press 05/28/2015.