A well-known Hamilton family is set to make the largest donation to one of the city’s largest and oldest charities.
The Paletta family has pledged $50 million to the Hamilton Community Foundation (HCF), the largest donation in its 68-year history.
The money will help establish the Pasquale & Anita Paletta Family Fund with a $25 million donation and a $25 million pledge supporting the family’s charitable interests throughout the Hamilton-Burlington area.
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Spokesman Paul Paletta said the spirit behind the contribution comes from his father Pasquale (Pat), who took “bumps and bruises” in the 1950s to build his first meatpacking plant in Hannon, eventually expanding to the largest private meat packer in Eastern Canada in the 1980s.
“One of the things that was very important to him, which he instilled in his four boys, was making sure we didn’t lose sight of where he came from and where we came from,” said Paletta at 900 CHML. Hello Hamilton.
“Always doing our part to help future generations succeed, and that’s a big part of what it’s all about.”
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Paletta says the family chose HCF for its “outstanding reputation” working with the community.
The family has already awarded three grants with the money to the Halton Healthcare Foundation, Hamilton Health Sciences and Joseph Brant Hospital to express their gratitude for the care Pat received as she grew older and her respect for those who care. kidney and cardiovascular health.
An earlier grant of half a million dollars to the HCF’s pandemic response brings the Paletta Family Fund’s recent contributions to $1.1 million to date.
HCF President and CEO Terry Cooke said the organization had been “humbled” by the donations and impressed with Paletta’s continued service to the community for decades.
“I was struck by the consistency of values,” Cooke said.
“The fact that the family and the company had done well here and they hadn’t forgotten where they came from.”
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Cooke says a commitment of $25 million will come over a number of years in the form of a donor-advised fund. HCF staff will notify the family of charities receiving money.
HCF was founded in 1954 with a one-time, modest gift of $200 from a widow from North End Hamilton. The agency has now grown to command over a quarter of a million assets today.
In 2021, HCF awarded 918 grants to 344 charities, totaling $12.5 million, to address everyday priority issues affecting Hamiltonians.
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