COLUMBUS—Hamdi Ulukaya, CEO of the Chenango County-based greek yogurt manufacturer Chobani, is making national news headlines again as he went on record outlining a new philanthropy venture this week.
The Turkish-born entrepreneur said that he plans on pledging roughly three-quarters of a billion dollars—half of his estimated net worth—to international charity initiatives that will assist refugees displaced by “war, persecution and natural disasters.”
The initiative—known as “Tent”—is just one spoke of “The Giving Pledge” program crafted by Berkshire Hathaway CEO Warren Buffett and Microsoft founder Bill Gates.
The Giving Pledge is an exclusive moral contract in which billionaires oblige or will at least 50 percent of their net worth to charity during their lifetime.
“From the start, Chobani has given 10 percent of our profits to charity though the Chobani Foundation and stayed true to our mission to make food the right way, and make it available to all,” said Ulukaya in a signed letter obtained by The Evening Sun on Friday.