Michael Jordan Wins Lawsuit, Donates the Millions to 23 Charities
He led his teams to national and Olympic championships on the basketball court, but his latest victory in a court of law is a win for charities in his adopted city of Chicago.
Basketball legend Michael Jordan is taking all the award money from a lawsuit settlement and donating it to 23 nonprofit organizations that improve the lives of the city’s youth. 23 is Jordan’s jersey number.
He won $8.9 million in a judgement against supermarket chain Dominick’s in August, after they used his likeness and jersey number in a magazine ad in 2009 without his permission. He recently settled the case, and a second, similar court action against the grocery chain Jewel-Osco, owned by the same parent company.
Forbes magazine estimated earlier this year, Jordan’s name and image is worth roughly $100 million a year for product and company endorsements.
“The 23 charities I’ve chosen to make donations to all support the health, education and well-being of the kids of Chicago,” Jordan said in a statement. “Chicago has given me so much and I want to give back to its kids — the city’s future.”
http://www.goodnewsnetwork.org/michael-jordan-donates-lawsuit-winnings-to-23-charities/
Basketball legend Michael Jordan is taking all the award money from a lawsuit settlement and donating it to 23 nonprofit organizations that improve the lives of the city’s youth. 23 is Jordan’s jersey number.
He won $8.9 million in a judgement against supermarket chain Dominick’s in August, after they used his likeness and jersey number in a magazine ad in 2009 without his permission. He recently settled the case, and a second, similar court action against the grocery chain Jewel-Osco, owned by the same parent company.
Forbes magazine estimated earlier this year, Jordan’s name and image is worth roughly $100 million a year for product and company endorsements.
“The 23 charities I’ve chosen to make donations to all support the health, education and well-being of the kids of Chicago,” Jordan said in a statement. “Chicago has given me so much and I want to give back to its kids — the city’s future.”
http://www.goodnewsnetwork.org/michael-jordan-donates-lawsuit-winnings-to-23-charities/