Charles Koch, the older brother of David Koch, is an astute businessman that may have inherited a fortune, but he has demonstrated his ability to make money on his own. Koch Industries is the second-largest privately held company in the United States. Koch has accumulated an enormous fortune thanks to his 42 percent interest in Koch Industries, but he has also made money through other investments.
Charles like to donate to Southern Universities, according to a recent article about Koch and Koch Industries. Koch gives away millions every year to promote higher education and conservative values. Some articles say Koch is donating too much money to George Mason University. Koch has given that school more than $48 million in three years. The Koch Foundation likes to specify how that donated money should be used, and that has some people questioning the intent of the Koch Donations.
Koch Foundation donations usually are earmarked for Mason’s Mercatus Center and the Institute for Humane Studies, but a $10 million donation from the Koch Foundation went to George Mason’s Law School this year. The Foundation wants the school renamed after Chief Justice Scalia, a well-known conservative. George Mason also received a $20 million donation from an anonymous donor for the same purpose. Some people close to the University say that money came from Koch as well.
There is nothing illegal about requesting that a donation be used for a specific purpose, or if the amount of money donated seems out of line when other donations are considered. But there is always an element of controversy surrounding what Charles Koch does. His loyalty and participation in the Republican Party make him an easy target for Democrats and other political motivated groups.
But Koch spreads his donations around. He may fight for conservative causes, but he is smart enough to spread his money around so he is not accused of favoring one cause. Koch’s book, The Science of Success, hit the bookstores in 2007. That Koch book describes his management philosophy. Koch likes to call his style “Market-Based Management”. In 2015, Koch also published another book, “Good Profit.”
Charles Koch likes to talk about his businesses that produce several well-known brands, such as Spandex, Stainmaster Carpet, Dixie Cup and Quilted Northern tissue. But he takes great pride in his ability to donate to the causes that mean something to him. A Yahoo.com article made that perfectly clear.