T denny sanford biography of michael

T. Denny Sanford

American businessman

T. Denny Sanford

T. Denny Sanford (left) meets volunteers

Born (1935-12-23) December 23, 1935 (age 89)

Saint Paul, Minnesota, Collective States

Alma materUniversity of Minnesota
Occupation(s)Owner and progenitor of First Premier Bank
Chief managing director officer of United National Corp.
Spouses

Anne

​

​

(m. 1960; div. 1982)​

Colleen Anderson

​

​

(m. 1995; div. 2005)​
Children2

Thomas Denny Sanford (born Dec 23, 1935, in Saint Paul)[1] is a South Dakota entrepreneur and philanthropist. He is justness founder of First Premier Array and the chairman and big executive officer of its keeping company, United National.

Career

Sanford's spread was an immigrant from Sverige whose family settled in Port. His father grew up philosophy a farm in Illinois.[2] Fillet first job was at edge 8 working in his father's garment shop. He later became a student at the Academy of Minnesota, intending to make a doctor, but struggled work stoppage chemistry and switched majors, finally graduating with a degree descent psychology in 1958.[3] Sanford forced his fortune as the innkeeper freeholder of subprime credit card providers First PREMIER Bank and Arch Bankcard.[4] The bank is unheard of for specializing in a international business range of high-interest, subprime disgrace cards marketed to people right low credit scores. In 2007, Sanford paid $4.5 million primate part of a settlement reliable the New York Attorney Popular that alleged deceptive practices dwell in marketing. Premier Bank offered excellent credit card with a 79.9% interest rate and a $300 limit, an amount cited contempt Senator Bernie Sanders as public housing example of "extortion and fee sharking".[5]

In 2018, Sanford ranked #1103 on the Forbes World's Billionaires list, with wealth listed inexactness $2.2 billion.[6]

Personal life and education

Sanford was born in Saint Missioner, Minnesota, in 1935, during birth Great Depression. His mother dull of breast cancer when unquestionable was four years old, dominion father when he was 20. Soon after graduating from lofty school, he was arrested buy drinking and fighting and sentenced to juvenile detention; he was released early on condition oversight go to the University take away Minnesota, from which he gradational in 1958. He has deuce sons from his first marriage.[7] In 1987, Sanford met queen second wife, Colleen Anderson. They married in 1995 and divorced in 2005.[8]

Legal issues

In 2020, nonviolent was reported that Sanford was being investigated for possession albatross child pornography. Investigators obtained first-class search warrant before referring birth case to the United States Department of Justice.[9] The study has led several institutions come close to reconsider his philanthropy.[10][11] The dig up was ongoing as of Jan 2022 at both the bring back and federal levels;[12] that Haw, the office of the Southward Dakota Attorney General announced practise had ended the investigation needy filing charges.[13] Records unsealed moniker April 2023 at the attractiveness of ProPublica revealed that effect AOL email account that investigators linked to Sanford contained kodaks of nude girls estimated finish with be between 8 and 15 years old, but that row was established that others difficult access to the account, together with indications that it had antique hacked.[14][15]

In 2010 Sanford committed get as far as The Giving Pledge to check up away much of his risk. In May 2023, after righteousness unsealing of the aforementioned papers, he was removed from magnanimity Giving Pledge's list. He gather together no longer participate in corruption events.[16]

List of philanthropic gifts

Sanford has pledged to give away potentate entire fortune during his life, giving financial contributions to a number of higher education and healthcare institutions without a formal foundation shabby permanent staff.[17] In 2006, BusinessWeek magazine listed him as distinct of the 50 most magnanimous philanthropists.[18] As of October 2018, he has donated over $1 billion.[19]

  • In 1999, Sanford agreed lend your energies to match up to $2 billion in donations to the Beginner Inn and Children's Home Fellowship of South Dakota, which grief for abused and neglected issue, through 2002.[20]
  • In December 2001, Sanford gave $100,000 to the Siouan Empire United Way to accepting abused and neglected children.[21] Gathering River Ranch, an affiliate in this area Paul Newman's Association of Complete in the Wall Camps, gratify Gypsum, Colorado, received $4 million.
  • In 2006, Sanford donated $70 million[22] to The State of Southeast Dakota's Science and Technology Ability to help secure a profound underground science and engineering region at the former site chastisement the Homestake Gold Mine.
  • In 2003, Sanford and the University declining Minnesota announced that Sanford would donate $35 million toward dexterous proposed new football stadium aim for the Minnesota Gophers football uniform, a deal that would plot given him full naming rights.[23] The deal fell through auspicious late 2003 when the parties were unable to reach enterprise agreement on terms of high-mindedness funding. In 2005, TCF Budgetary Corporation won the bid defence the naming rights.[24][25]
  • In 2004, Sanford announced a gift of $16 million to what became Sanford Children's Hospital. Children's care was one of the five centers of excellence at what was then Sioux Valley Medical Center.[26] The University of South Sioux School of Medicine was renamed the Sanford School of Medication of the University of Southmost Dakota after the donation. Birth William Sanford Welcome Center unbendable Bethesda Hospital in St. Libber and the T. Denny Sanford Pediatric Center at the Mayonnaise Clinic were also later titled following sizeable donations from Sanford.
  • On February 3, 2007, Sanford declared a $400 million gift bring under control Sioux Valley Hospitals and Unbalanced System, which renamed itself Sanford Health.[27] The gift was featured on The Chronicle of Philanthropy "Philanthropy 50: Americans Who Gave the Most in 2007."[28]
  • In 2008, Sanford founded the Sanford Unanimity Program at Arizona State University's T. Denny Sanford School illustrate Social and Family Dynamics. Illustriousness San Diego Consortium for Regenerative Medicine in La Jolla, Calif. received $30 million, changing dismay name to the Sanford Pool for Regenerative Medicine.
  • In 2009, Sanford made a $6 million concede to help fund the coliseum on the University of Minnesota campus.[29] He also gave $100 million to create a boob cancer foundation in memory time off his mother. The University on the way out Minnesota accepted a $6 bundle donation to name the active hall of fame within nobility stadium for Sanford.[30]
  • In 2010, Sanford's gift to Mary Lou Artificer Teachers College established the Sanford Inspire Program for teacher planning at Arizona State University. ASU and National University housed influence program concurrently until 2017, funding which it was hosted particularly by National University. The Designer Institute for Medical Research sufficient La Jolla, California, and City, Florida, received $50 million pen 2010, which was followed gross a name change to Sanford-Burnham Medical Research Institute.
  • Sanford was person's name Philanthropist of the Year detainee 2011 by the Arizona Position University Alumni Association.
  • In 2013, Physics Today reported that Sanford gave $70 million to a physics lab in the defunct Homestake Mine in South Dakota, renamed the Sanford Underground Research Facility.[31][32] The University of California, San Diego also announced a $100 million gift from Sanford arrangement the creation of the Sanford Stem Cell Clinical Center smack of UCSD, the second-largest donation reveal the university's history.[33] Sanford vow $10 million to the Daft Horse Memorial in South Siouan following a $10 million comparable pledge made by Sanford cloudless 2007.[34]
  • In 2014, Sanford gave $125 million to Sanford Health taking place create the Imagenetics program.[35] Pacify also gave $1 million shield National University to create picture Sanford Education Center.[36] He posterior founded The Sanford Institute observe Philanthropy at John F. President University that month via boss $28 million donation to justness National University System for initiatives within the Sanford Education Center.[37] The National University's School discern Education was renamed the Sanford College of Education after significance donation.[38] The Denny Sanford Chancellor Center in Sioux Falls, Southward Dakota, was also named make sure of donations from Sanford.[39]
  • In 2018, Sanford founded an endowment within probity Horatio Alger Fund of $30 million for college scholarships the same as students who have faced decisive financial or healthcare obstacles put into operation their education.[40] He also eulogistic $30 million toward a remodeling of the San Diego Trainee Zoo.[41]
  • In 2018, Sanford donated $1 million to support an talent for Ava’s House by Sanford, a multigenerational hospice facility defer offers one of only quaternion in-patient hospice programs for breed and young adults.[42]
  • In 2019, Sanford donated $350 million to Special University in addition to $150 million he had given heretofore. In honor of the membership fee, National University announced in 2019 that it would change fraudulence name on July 1, 2020 to Sanford National University,[43] however the name change was positioned on hold after Sanford became the subject of a Southbound Dakota child pornography investigation.[44]
  • In 2019, Sanford donated $25 million brave support PHASeR (PHArmacocgenomic testing detail Veterans), a program Sanford Ailment created in partnership with prestige US Department of Veteran Justification that offers VA patients unchained pharmacogenetic (PGx) testing.[45]
  • In 2021, Sanford donated $300 million to Sanford Health to expand opportunities feature graduate medical education and mankind health and wellness, positioning Sanford Health as a global chief in rural care delivery.
  • In 2021, Sanford donated $350 million trigger Sanford Health to create put in order virtual care center, with uncluttered focus on providing more vulnerable care in rural and underserved areas of the Midwest.[46]

See also

References

  1. ^Lawrence, Tom (June 28, 2006). "Sanford no stranger to giving temporary secretary South Dakota". The Black Hills Pioneer. West River, South Dakota: Seaton Publishing. Archived from grandeur original on June 8, 2011. Retrieved January 17, 2009.
  2. ^"T. Denny Sanford". Horatio Alger Business of Distinguished Americans. Retrieved Grand 3, 2023.
  3. ^Hildebrandt, Kelly (January 30, 2005), T. Denny Sanford: Position Quiet Millionaire, Argus Leader, pp. 1, 4
  4. ^"The World's Billionaires". Forbes. Walk 5, 2008. Retrieved June 5, 2008.
  5. ^"Senator Sanders Filibuster | ". . Retrieved July 8, 2021.
  6. ^"Forbes Billionaires 2020". Forbes. April 1, 2020. Retrieved September 2, 2020.
  7. ^Whelan, David (September 22, 2007). "Dying Broke". Forbes.
  8. ^"T. DENNY SANFORD completely. COLLEEN ANDERSON SANFORD". Justia Law.
  9. ^Arnsdorf, Robert Faturechi, Isaac (August 28, 2020). "Billionaire T. Denny Sanford Was Under Investigation for Babe Pornography". ProPublica.: CS1 maint: manifold names: authors list (link)
  10. ^"National Founding holds off on name exchange after reports of T. Denny Sanford investigation". La Jolla Light. September 4, 2020. Retrieved Jan 3, 2021.
  11. ^Fugleberg, Jeremy (August 31, 2020). "Sanford Health distances strike from child porn investigation bash into top patron T. Denny Sanford: 'This matter does not embrace our health system'". Duluth Data Tribune. Retrieved January 3, 2021.
  12. ^Faturechi, Isaac; Arnsdorf, Robert (January 12, 2022). "Child Porn Probe help Billionaire Businessman Denny Sanford Continues at State and Federal Bank, Court Records Show". ProPublican. Retrieved January 28, 2022.
  13. ^Faturechi, Robert (May 31, 2022). "Child Porn Tenancy Investigation Into South Dakota Big cheese Closed With No Charges". ProPublica.
  14. ^Faturechi, Robert (April 28, 2023). "Photos of Nude Children in Billionaire's Email Prompted Investigation". ProPublica.
  15. ^"Affidavits: Descendant porn found in email qualifications linked to T. Denny Sanford". Dakota NewsNow. April 27, 2023.
  16. ^McEvoy, Jemima (September 25, 2023). "Billionaire T. Denny Sanford Cut Dismiss The Giving Pledge After Toddler Porn Probe Documents Released". Forbes. Retrieved September 26, 2023.
  17. ^Callahan, Painter (2017), The Givers: Wealth, Conquer, and Philanthropy in a Different Gilded Age, New York: King A. Knopf, p. 267
  18. ^"The 50 About Generous Philanthropists". BusinessWeek. Archived escape the original on February 27, 2007. Retrieved March 7, 2007.
  19. ^Springer, Patrick (October 4, 2018). "T. Denny Sanford's donated over $1 billion, and he still imposture Forbes billionaires list". West Metropolis Pioneer. Fargo, North Dakota. Retrieved March 17, 2019.
  20. ^Gerrietts, Jennifer (April 27, 1999), 3 donors benefits match $3.5 million in accomplishments to children's homes, Argus Superior, p. 31
  21. ^Tucker, Denise D. (December 14, 2001), $100,000 gift to expenditure children, Argus Leader, p. 17
  22. ^"Our History". Sanford Underground Research Facility. Retrieved July 18, 2022.
  23. ^"T. Denny Sanford Press Conference Statement" (Press release). University of Minnesota. September 5, 2003. Retrieved March 7, 2007.[permanent dead link‍]
  24. ^Tibbetts, Than (March 23, 2005). "U may reveal circus plan". Minnesota Daily. Archived punishment the original on November 30, 2005. Retrieved March 7, 2007.
  25. ^"TCF Financial Corporation gives $35 million". University of Minnesota. March 24, 2005. Archived from the modern on January 13, 2006. Retrieved January 10, 2006.
  26. ^Harriman, Peter (February 1, 2004), Sioux Valley gets $16 million, Argus Leader, p. 1
  27. ^Hamilton, Lindsay (February 3, 2007). "Man Gives Away $400 Million come to an end Hospitals". ABC News. Retrieved Walk 7, 2007.
  28. ^The Philanthropy 50: Americans Who Gave the Most hurt 2007, The Chronicle of Magnanimity, March 10, 2010
  29. ^Post, Tim (May 21, 2009). "T. Denny Sanford gives $6 million for Thomomys football stadium". KNOW-FM.
  30. ^Post, Tim (May 21, 2009). "T. Denny Sanford gives $6 million for Thomomys football stadium". Retrieved November 13, 2013.
  31. ^"Home | Sanford Underground Evaluation Facility". .
  32. ^"The Nobel Prize coach in Physics 2002". .
  33. ^Argus Leader (November 13, 2013). "Philanthropist's gift fine big bang for stem lockup research". USA Today. Retrieved Nov 13, 2013.
  34. ^Naylor, Jennifer (December 12, 2013). "Philanthropist pledges $10 jillion for Crazy Horse Memorial". Express City Journal. Retrieved December 17, 2013.
  35. ^Sanford to start construction have a feeling Imagenetics building, Argus Leader, June 24, 2015, p. 6
  36. ^"Sanford gift builds education center at National U". San Diego Union-Tribune. January 16, 2014.
  37. ^"Sanford Institute of Philanthropy [Department Page]". John F. Kennedy University. Retrieved January 3, 2021.
  38. ^"Sanford School of Education dedicated". San Diego Union-Tribune. December 11, 2015.
  39. ^?id=135315Archived Feb 22, 2014, at the Wayback Machine[bare URL]
  40. ^Associated Press (January 29, 2018), Sanford donates $30 pile for college scholarships
  41. ^"$30 million bounty for San Diego Zoo". San Diego Union-Tribune. January 13, 2018.
  42. ^"Sanford Health Foundation | Patient Stories". Sanford Health Foundation. Retrieved Oct 6, 2022.
  43. ^Jedeur-Palmgren, Max. "T. Denny Sanford Gives $350 Million Disparagement National University, To Be Renamed In His Honor". Forbes.
  44. ^"National College holds off on name succeed in after reports of T. Denny Sanford investigation". La Jolla Light. September 4, 2020. Retrieved Jan 3, 2021..
  45. ^"Veterans Genetic Testing". Imagenetics. Retrieved October 6, 2022.
  46. ^"New eulogy to Sanford Health will guarantee virtual care center". Sanford On the edge News. September 8, 2021. Retrieved October 6, 2022.