The GameStop saga, which was initiated by a contingent of traders from Reddit’s r/WallStreetBets forum, has invited overwhelming attention — and scrutiny — to the world of day trading. The ‘crowd-vesting’ strategy paid off for the Reddit users who had banded together to buy GameStop stock. GameStop’s stock price went through the roof—from $43 to $325 in one week.
Other struggling companies such as American Airlines Group Inc. and AMC Entertainment Holdings Inc. also saw stock prices rise and found themselves on the receiving end of liquidity to pay creditors. The stock market frenzy has given these companies a bail out that is bringing them back from the edge of bankruptcy.
Many Reddit investors also found themselves with a sizable profit, which inspired an idea of paying it forward. Hunter Kahn, a 20-year-old Cornell University mechanical engineering student raked in close to $30,000 in GameStop profits. While the bulk of that windfall will be spent financing his education, Kahn also used part of his newfound stash o’ cash to purchase and donate Nintendo Switch games and consoles valued at $2,000 to a local children’s hospital.
“As a beneficiary of the recent events on Wall Street I think it is important that myself and others pay forward our good fortune. I am proud to announce my humble donation of 6 Nintendo Switches and games to go with them to the Children’s Minnesota Hospital.”
He has now joined the ranks of another anonymous investor who recently donated ten Switches to a children’s hospital in Texas and others who have used their newly acquired funds to help cover people’s medical debts.
Another investor that profited from the trending buy in of Gamestop stock was maverick billionaire venture capitalist Chamath Palihapitiya, who was an early executive at Facebook. His initial $115,000 purchase of GameStop shares turned into a $500,000 payout. Palihapitiya announced that he bought 50 call options in GameStop. GameStop’s stock has risen a massive 750% in 2021 as online retail investing group WallStreetBets drove the stock up.
He also announced he will donate his entire payout to the Barstool Fund, a new COVID-19 charity that gives cash payments to small businesses who are about to go out of business. “I want to announce that I’m taking all the profits that I made plus my original position—so I’m gonna take $500,000—and I’m gonna donate to the Barstool Fund for small businesses,” Palihapitiya said. The Barstool Fund, founded by Barstool Sports founder Dave Portnoy, raises money to support struggling small businesses during the pandemic and “save as many jobs as possible,” according to the Fund’s website. So far, it has raised nearly $33 million from 205,525 supporters to fund 187 businesses. Recipients include bowling alleys, salons, with the overwhelming majority being restaurants and bars.
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A former opioid addict is giving back through random acts of kindness. Megan Cohen had been in over 70 treatment centers and found herself homeless in different states. Cohen also spent time in prison before going clean in 2019. In August 2020 during the COVID-19 pandemic, Megan started The Grace Project, non-profit that gives back to struggling addicts in the Philadelphia area.
“It was actually complete strangers that showed me kindness when I was out there and it, like, planted a seed of hope,” Cohen said. “I wish that the kindness my family showed me would have done that but it didn’t. It didn’t because I expected it.” For years, Cohen lived in a perpetual state of hunger, trauma and pain. Eventually, she landed on the streets of Kensington, PA -the largest open-air drug market on the East Coast. Joshua Santiago, an Uber driver coming off his shift spotted Cohen walking along the interstate in the rain.
“Something in my heart told me to stop, I was about to go home and lay in a warm bed” said Santiago. When he pulled over, Cohen was skeptical about his intentions but being so cold, she said she didn’t care what happened. Cohen said “I had no hope or will to live at that point. I asked him why he would let me in his car when it’s obvious what I am.” “You are still a person,” Santiago told her. Not long after Santiago offered her a ride, two other “angels” stepped into her path — one gave her a hot meal and a place to shower; another offered her cold water and encouraging words.
The power of those moments fuels Cohen’s faith in humankind and strengthens her resolve to save others who feel trapped, as she once did, in the throes of addiction. Every Thursday night, friends and family join Megan to distribute food, jackets, and toiletries in addition to cleaning up the littered streets. Shane Williams, who became a volunteer following his own recovery said “There’s people openly using drugs. There’s people with serious medical issues being unattended to.”
Weekly visits will continue as long as the community continues to support The Grace Project with funds and donations. Cohen hopes that the non-profit will evolve into a resource to support entire families who struggle with similar circumstances. The GRACE Project’s GoFundMe page expands on their vision: “As we continue to grow, we hope to be able to start helping more people in need. This goes beyond those that are homeless. We would like to be able to start offering assistance and organizing events for children out there and in similar areas. We also hope to be able to start assisting anyone else who is in need of a little grace and a little hope. This could look like the person who is just turning their life around and needs some help getting on their feet or the parents who have a sick child and may not be able to work anymore and in turn are facing financial struggles.”
They also take in-kind donations and have a list on their Facebook page of some of the items they are currently taking. Locals who want to donate can message them on Facebook to set up a pick up or drop off. In-kind donations can also be sent in the mail to 701 Philadelphia Ave Warrington PA 18976. “We would not be able to do what we do each week if it weren’t for the support of others and we want to thank anyone who has contributed from the bottom of our hearts.
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While times are tough for so many, it’s encouraging to know there are people who step in to help when they have the opportunity. Such an instance happened for a Massachusetts police officer who declined to charge two women accused of trying to steal groceries for their children. Somerset Officer Matt Lima is being praised for using his own money to purchase $250 gift cards for two women accused of trying to steal groceries last month. The women said they wanted to provide a Christmas meal for their children.
Lima responded to a report of shoplifting Dec. 20 at Stop & Shop, where two women with two young children were accused of putting groceries into bags at a self-checkout kiosk without scanning them. Upon his arrival, Officer Lima spoke to a Stop & Shop asset protection associate who told him that he observed the suspects, two women with two young children, allegedly not scanning all of their groceries and then putting them into shopping bags at the self-checkout kiosks.
The associate then printed the transaction receipt and noticed numerous items they took were missing. The suspects were subsequently asked to return inside with their items while they awaited for Somerset Police to respond. When Lima noticed that the only items stolen were food, he asked one of the women why she did it. “She stated that, obviously it goes without saying, that times are tough for a lot of people, that she was working but not enough and didn’t make enough money and that there were some other family issues going on and that she just wanted to provide a Christmas dinner for the kids,” Lima recounted.
Officer Lima served the two women Notice Not To Trespass forms and informed the associate that he would not be pressing criminal charges as all the missing items on their receipt were groceries. “The two children with the women reminded me of my kids, so I had to help them out,” Officer Lima said. Officer Lima asked about where the items were that the suspects allegedly attempted to take and was informed that they have been returned to their shelves. Officer Lima then subsequently purchased gift cards in the amount of $250 with his own money so the women would be able to purchase groceries for their Christmas dinner at another Stop & Shop location.
Chief George McNeil said “I would like to personally commend Officer Lima for his actions,” Chief McNeil said. “His actions exemplify what it means to protect and serve the members of our community. When faced with a difficult situation in which a family was trying to provide a meal for their kids, he made the generous decision to not press charges and instead ensured that they would have a Christmas dinner they could enjoy. This incident is a true testament of Officer Lima’s great character and decision making.”
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Global e-commerce giant Amazon has unveiled a new Housing Equity Fund, investing more than $2 billion to preserve and create over 20,000 affordable housing units in three communities where the company has thousands of employees—Washington State’s Puget Sound; Arlington, Virginia; and Nashville, Tennessee. Amazon’s Housing Equity Fund will help preserve existing housing and help create housing developments through below-market loans and grants to housing partners, public agencies, and minority-led organizations.
Amazon’s first investments include $381.9 million in below-market loans and grants to the Washington Housing Conservancy to preserve and create up to 1,300 affordable homes on the Crystal House property in Arlington and $185.5 million in below-market loans and grants to King County Housing Authority to preserve up to 1,000 affordable homes in the state of Washington, with additional investments to come in all three regions.
Amazon founder and CEO Jeff Bezos said that his company has been helping people in need, including building a Mary’s Place family shelter within the newest Amazon office building last year to support over 200 women and children experiencing homelessness in Puget Sound. “This new $2 billion Housing Equity Fund will create or preserve 20,000 affordable homes and help local families achieve long-term stability while building strong, inclusive communities.” The Fund seeks to ensure that moderate- to low-income families can afford housing in resource-rich communities with easy access to neighborhood services, amenities, and jobs.
Amazon’s Housing Equity Fund will provide an additional $125 million in cash grants to businesses, nonprofits, and minority-led organizations. Amazon is providing below-market capital in the form of loans, lines of credit, and grants to households making between 30% – 80% of the area’s median income. The fund will also give grants to government partners including transit agencies and school districts, which typically are not involved in affordable housing issues, Amazon said.
Amazon’s first Housing Equity Fund commitment in Virginia includes a $339.9 million below-market loan and grants worth $42 million to the Washington Housing Conservancy (WHC)—a nonprofit organization that preserves homes so they are affordable for moderate- to low-income residents.
Home prices in the US have climbed more than 6% annually since 2012 despite low wage growth for most workers. Another obstacle is affordable apartment buildings in American cities affordable for teachers, healthcare providers, transit workers, and others with modest incomes are increasingly being redeveloped into luxury apartments, causing displacement and reducing housing options for working families. Before the coronavirus pandemic, rental prices had also risen steadily, causing a shortage of affordable units.
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Heroes come in all walks of life and are often created just by being in the right place at the right time. That is the case for Keith Walker, a homeless man in Atlanta who made the split second decision on Dec. 18, 2020 to rush into W-Underdogs Shelter and rescue 16 dogs and cats trapped inside. WWhen Walker saw the flames, he urged another homeless man named Mike to call 911. Then he rushed inside and started pulling out animals as fast as he could.
Walker, 53, has been homeless since he was 13 years old and the nonprofit frequently shelters his dog. One of the nonprofit’s signature programs, The Rescue Team, teaches at-risk kids about compassion and responsibility through rescuing and rehabilitating homeless dogs and cats. Walker has done odd jobs for W-Underdogs for several years and was heading there to walk his pit bull, Bravo.
It’s fortunate the two homeless men arrived at the scene when they did because the organization’s founder happened to be on an outreach mission at the time. Celebrity dog trainer Victoria Stilwell, founder of the Victoria Stilwell Academy for Dog Training & Behavior and member of the advisory board of W-Underdogs said he saved every single one, and they’re all perfectly fine.
“It could have been really bad,” she said. “If they hadn’t done that, the fire could have spread and we would have lost all our animals. The act that he did was incredibly brave and he is a true hero. He is the guardian angel that was watching over W-Underdogs.” Officials deemed the blaze an electrical fire and the shelter was left uninhabitable but all of the animals were taken to a new facility.
Walker told news outlets that he was “nervous” to run into the burning building but that he knew he had to save the trapped animals. “I was really scared to go in there with all that smoke. But God put me there to save those animals,” he said. “If you love a dog, you can love anyone in the world. My dog is my best friend, and I wouldn’t be here without him, so I knew I had to save all those other dogs.”
Walker is now being hailed a hero and a GoFundMe set up to help him with a $5,000 goal has raised almost $85,000. “We received a flood of requests on how people can help Mr. Keith Walker, the hero who saved our animals from the fire. Rest assured we have Mr. Walker’s best interests at heart, and are exploring how to best manage donations that have come in on his behalf,” the facility said on their Facebook page.
In addition to teaching at-risk youth to rescue, care for and train pets for forever homes, W-Underdogs fosters empathy and leadership in young people with programs like planting trees, building dog houses and distributing pet food for those in need. Youth also help with their program to trap, neuter and return of community cats. “We’re not an animal rescue and we are not just a youth program; we’re actually a youth program that empowers you through animal rescue and that’s where the connection lies,” Stilwell explained.
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A security guard’s selfless act of cycling for over an hour to return a lost wallet inspired people to return the kindness. Aina Townsend, who works at the Kahului Food Land on the island of Maui found a wallet and when he noticed the owner hadn’t returned, he decided to bring it to her. When the wallet was returned the owner’s husband was so impressed with this selfless deed they first posted to Facebook and a GoFundMe was started to raise money for a car. The GoFundMe raised a total of over $25,000.
It all started when Chloe Marino was shopping at a Kahului, Hawaii supermarket with her 5-month-old son. She accidentally left her wallet in the shopping cart when she left. Luckily, the wallet was spotted by eagle-eyed store security guard Aina Townsend. When he noticed she hadn’t returned, he volunteered to return it to its owner after his shift. Not having a car, the 22-year-old rode his bicycle for nearly an hour right to the Marinos’ door.
Cloe didn’t even realize she’d misplaced her wallet when he knocked on their door but she and her husband Gray were blown away by Townsend’s determination as well as his willingness to help out a total stranger. Gray posted the incident on his Facebook page:
“On Saturday my wife left her wallet in the shopping cart of Foodland in Kahului by the mall. After loading the baby and groceries into the car, she hadn’t even noticed it was gone. Several hours later we had a knock on our home door. It was the security guard from Foodland. He had found the wallet, and after seeing that we didn’t come back for it. He got on his bicycle and he pedaled miles to Waiehu where we lived, getting the address from her ID. He literally rode his bicycle to return her wallet. Completely full of everything important to her including cash. Nothing was so much as moved.
Gray Marino’s pal Greg Gaudet was inspired not only by Townsend’s selfless act but also by the young man’s story—inspired enough to set up a Go-Fund-Me page to see if folks could pull together enough money so Townsend might be able to trade in his bike for a car to make his daily commute to work.
The GoFundMe reads: My friend Gray Marino shared this story on Facebook. When I read it I was blown away by this man’s selflessness. I had been wanting to do something special for a family this holiday season, and I knew we had to do something for him when I heard this story.
It looks like this young man moved to Maui 5 years ago to be with the woman he loved. Now they have kids, and he works security at the grocery store to support his wife and him and put himself through college. But what really got me was that he rides his bike to work and school every day because he doesn’t have a car, and has been doing this for 5 years. When I put myself in his position after a long day of work and school, wanting to go home to see my family and go to bed, but choosing to ride my bike to the next town miles away instead to return this women’s wallet, I know this guy has a huge heart. This shows the effect that one act of kindness and selflessness can have and the way we can impact the world by repeating these actions” Gaudet said.
Townsend said “You know, I lost a wallet before too and it’s the worst thing in the world. I was just doing what I felt was the right thing to do.” Townsend’s good karma translated into more than $25,000 in car-worthy donations, exceeding the original funding goal of $5,000 by $20,000. He was able to purchased and car and Greg Gaudet is helping him put the remaining funds into a mutual fund.
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Two 12 year old entrepreneurs have donated thousands to animal shelters from their sales on a successful invention, the Ornament Anchor. Brothers Ayaan and Mickey Naqvi, who live in Shelton, Connecticut, were decorating their family Christmas tree last year when one of their favorite ornaments succumbed to the forces of gravity. The beloved family dog, Zara, whose tail Ayaan describes as an “ornament missile,” may have played a part as well.
While the decoration couldn’t be saved, the brother decided to find a better way to hang ornaments so they’d be truly secure. Using a loop and toggle system, Ayaan created the prototype and presented it for a school project. The reception was overwhelmingly favorable—so favorable in fact, the boys quickly decided to turn their invention into a potential money-making proposition. “My brother and I worked together to design the product, patent it, create an awesome website, calculate profit margins and did our own market analysis.” Ayaan said.
This wasn’t the boys’ first commercial invention attempt. A previous gadget landed the pair and their family on an episode of Shark Tank. While they didn’t cut a deal, it was a true learning experience. From $1,000 in sales in six hours at a local Christmas trade show, the Ornament anchor went on to be showcased on Good Morning America as well as being featured on QVC and Amazon Launchpad. In one year, the brothers’ invention has raked in more than $250,000.
Ayaan and Mickey are determined to pay their good fortune forward by donating 10% of their profits to local animal shelters. “Ever since I was super young, I’ve had a fascination with all of life’s creatures,” Ayaan explained. “My goal is to help as many animals in need as I can.”
While they’re enjoying their well-earned windfall, the boys admit that starting a new business in 2020 has had its challenges. “Running a business with your brother has its pros and cons. But, we make it work and we’re the best of friends always,” Mika’il said. “It’s an amazing journey,” Ayaan said. “With my brother especially. Just to go along and just us together selling our product is really cool.”
Adjusting to distance learning and other constraints of the coronavirus lockdown wasn’t easy. Through the turbulent times, they say they’ve just tried to take things one step at a time and keep a positive attitude because that—along with the love and support of their family—are what keeps them anchored.
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A young leukemia survivor spread holiday cheer to kids battling cancer by delivering toys throughout the D.C. area. Six-year-old Summer Grace Cernoch and her family drove around the region with the gifts. Summer Grace battled leukemia for two years, spending holidays in the hospital, had several surgeries and countless painful treatments. She finished her last treatment in February.
Two Christmases, 79 port chemos, 10 blood transfusions, and a countless number of pills later, Summer Grace beat cancer. Per her request, the night she took her last chemotherapy pill the Cernoch family set off fireworks in celebration. The fireworks, however, were just the beginning of their celebration of Summer Grace’s hard-fought battle – in September they started the Summer Grace Foundation in her honor.
December 21st marked three years since she was diagnosed. “I’ve dreaded this day every year as it … just brings back a lot of bad memories for our family,” said Summer Grace’s mother, Jessica Cernoch. The Cernoch family started the foundation to help kids like her and many of the toys delivered Monday were donated by the community.
The foundation’s mission is to raise awareness, raise funds for pediatric cancer research in hopes of finding better and less toxic treatments, and support the childhood cancer community. 1 in 5 kids diagnosed with cancer will not survive. On average, 43 kids are diagnosed with cancer every day, and 7 kids die every day due to cancer or because of the effects of their harsh treatments. “We remember very vividly how awful this journey is, and so we want to do everything we can to give back and support the childhood cancer community,” her mother said.
The world changes in an instant, and things are never quite the same ever again after a cancer diagnosis. Childhood cancer effects every aspect of family life. In addition to the physical aspect of cancer, there’s often a huge financial burden, and an indescribable level of worry and stress. Life becomes physically and emotionally draining, and there’s often little energy left to focus on anything or anyone other than the child. Marriages may become strained and siblings may be left feeling disconnected from the family.
Every year, the foundation also partners with various businesses to offer relaxing, overnight retreats. Donations to the foundation can sponsor a retreat for families battling cancer. Summer Grace and her family also plan to start a music scholarship program for cancer patients.
You can support the Summer Grace Foundation through AmazonSmile. At no cost to you, you can find the same selection of products and low prices! Upon checkout, Amazon will donate a portion of your purchase price to us. Simply go to smile.amazon.com, sign in, and choose the Summer Grace Foundation as your charity. Amazon will donate .05% of all eligible purchases.
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When a popular Toronto bar, called Swan Dive posted that it was struggling to pay the rent through the pandemic, customers came out to help. Owner Abra Shiner was trying to keep her pub going through lockdown by operating as a bottle shop, strictly limited to curbside pickup and delivery due to Ontario locking down again. But it was becoming very clear that the costs of trying to run that way were just too high.
She decided to be honest about her predicament on social media and her post went viral. “We were blowing through our savings and I wasn’t sure if I was going to be able to pay rent towards the end of the month. So, I wrote on Facebook asking people to come buy the beer we had in our stock room… and it worked. The post went viral” Shiner said. Shiner’s social media plea soon had over 20,000 views, and people from all over the Brockton Village neighborhood were showing up to save beer, and their beloved bar. “Like really, if you guys don’t come buy all this beer we won’t have enough to pay our rent, YOU LIKE BEER, COME GET SOME!!!” Shiner wrote on the bar’s account while informing her customers that the bar would be closing down for a spell.
Within a few days, the Swan Dive had off-loaded almost all of its stock of craft beer. “People just started coming out of the woodwork, customers we hadn’t seen in a long time were driving in from out of town,” Shiner said, noting that more than half of the customers were new faces. “We’ve been saved, I was afraid we were going to have to go out of business,” Shiner said.
The Swan Dive carried about 35 different craft beers. The bar usually has two or three cases of each in stock. According to Shiner, she was able to sell off more than 90 cases of beer. In the end, she was left with only two in her stock room. Combined with a government rent subsidy, the money the community provided in recent beer sales will keep them going until spring when it can safely open its doors once again. “You guys are pretty darn great,” Shiner posted to the Swan Dive’s Facebook fans. “What wonderful people you all are.”
Many businesses are struggling right now and the holiday season is here. Supporting your local favorites with gift card and goods purchases may just be what keeps them running and you never know how much those sales could matter.
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Celebrity chef David Chang, founder of the successful Momofuku restaurant brand, is donating his $1 million dollar “Who Wants to be a Millionaire” winnings to the restaurant industry. Like the other celebrity contestants on the show, Chang had been playing for the charity of his choosing, the Southern Smoke Foundation, a Houston-based crisis-relief organization for hospitality industry workers experiencing debt or other hardships.
“I’m so honored that Dave chose Southern Smoke as his charity,” founder Chris Shepherd said. “Now, more than ever, with indoor dining shut down in many parts of the country and temperatures dropping to prohibit outdoor dining, food and beverage industry employees are desperate.” Southern Smoke was established in 2017 and COVID-19’s impact on restaurants, bars, and catering companies in 2020 has made the need for financial crisis intervention all the more urgent. According to their website, the Southern Smoke Foundation has distributed more than $5.7 million, both directly to people in need via the Emergency Relief Fund and to organizations that represent the needs of people in our industry.
Chang has seen first-hand how the spread of covid-19 has cost the hospitality industry hundreds of billions of dollars and put many people out of work. When Chang reached the $500,000 mark, host Jimmy Kimmel cautioned him that no celebrity contestant had ever taken home “the big check.” Chang seriously considered walking away, but trusting his luck, he decided to go all in. “I’m a gambling man and shame on me if this is wrong, but I’m doing this because having a million dollars right now, in this moment, is a game-changer for many, many families.”
Unless you’ve been lucky enough to work from home the entire time, it’s likely your industry has been affected in one way or another by the pandemic. Across the globe people have faced tough decisions on how to navigate a socially distanced life. From teachers creating and maintaining virtual AND in-person curriculums to drivers and delivery people, as well as healthcare professionals on the brink of burnout. Millions who work in the hospitality industry, including food and drink service, have seen unemployment since early into the pandemic in March. Thankfully, many people, like Chang, have found ways to help others through this and inspire others to do the same.
Chang won over several front-line workers in this season of “Who Wants to Be a Millionaire,” which also featured celebrities Tiffany Haddish, Julie Bowen, Ray Romano, Rebel Wilson and Joel McHale. The restaurateur, author and television personality is known for founding the Michelin-star winning Momofuku restaurant group as well as Netflix original series “Ugly Delicious” and “Breakfast, Lunch, and Dinner.” Southern Smoke Foundation immediately celebrated the win on twitter with the tweet “WE WON A MILLION DOLLARS!!!! #TAKINGCAREOFOUROWN
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