July 26, 2007

$700-Million Gift to a Foundation Endowment to Be Followed by More Money, Donor Pledges

By Anne W. Howard

Jon M. Huntsman Sr., a Utah businessman, and his wife, Karen, have endowed their foundation with nearly $700-million, and say they plan to add as much as $700-million more within the next 10 years.

"It's been my goal in life to convert our business holdings to help build a charitable foundation," said Mr. Huntsman, 70, founder and chairman of the Huntsman Corporation, a chemical company in Salt Lake City. "It's inspired us to do better, to expand our business, to take more