Billionaire Charles Koch is creating a non-profit as part of the Koch network that will help to revitalize citizens by offering better education to those living poverty. The new organization is aptly named Stand Together and is focused on giving tools to the underprivileged that will help them pull themselves out of poverty.
Executive director of Stand Together, Evan Feinberg, stated that the program is designed to help people by actually solving problems that exist in their lives instead of just tossing money at them that often gets misdirected or only helps short term. According to Feinberg, the group is not going to fight policy, but instead create partnerships with local private groups where they see social problems that need addressed such as recidivism and gang violence.
Charles Koch has a large network of philanthropy groups and is known for donating to many colleges and universities to help support the his free enterprise economics views. He believes that you can only help people via education on how they can better their own lives. He is also a well-known outspoken billionaire who along with his brother, managed to turn his dad’s oil refinery into the second largest privately owned business in the US. Today Koch Industries is involved in many markets and owns several large brands including Quilted Northern.
Internally many people have been working for the past year on pulling Stand Together into an organization, but the group will make its first public appeal this week at a winter seminar held every year for Koch donors. The website for Stand Together will also launch this week.
It already has its first venture, a partnership with black conservative Bob Woodson who works with grass roots leaders in his position as CEO and president for the Center for Neighborhood Enterprise. In the past Woodson has worked with both President George W. Bush and Paul Ryan the House Speaker.