NOVEMBER 25 TO NOVEMBER 30, 2022 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
FOCUS ON PHILANTHROPY
OPPORTUNITY FOR EVERYONE
INSIDE
INDUSTRIAL
IKO Industries may bring $219 million plant to Clay PAGE 3
REAL ESTATE
Area rents stabilizing as more more units arrive PAGE 8
Special to the Daily Record
From left, Jared Rice, The Players Championship executive director; Dr. Larry Moss, president and CEO of Nemours Children’s Health Jacksonville; and Matthew Welch, The Players 2022 chairman. The tournament donated $2 million to Nemours on Oct. 21. It was the largest single charitable contribution in the tournament’s history. The Players has donated more than $100 million to charitable organizations in Northeast Florida since 1974.
Local charitable organizations are adjusting to changes and planning for the future. BY MAX MARBUT ASSOCIATE EDITOR
T
here are levels of philanthropy. Perhaps the most common perception of philanthropy is when a wealthy person or a corporation donates a substantial sum of money to create a new community service program or put their name on a hospital wing. There’s more to it than that. Making a modest financial contribution also is philanthropy. Spending a few hours sorting cans and boxes at a food bank, stuffing backpacks for students in low-income neighborhoods or
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donating clothing to a thrift store run by a nonprofit counts, too. On all levels, philanthropy is a way for people to contribute some of their resources in a way to sustain or improve the quality of life in the community through support of charitable causes. “Every gift – regardless of size – makes a difference,” said Melanie Patz, CEO of United Way of Northeast Florida.
INSIDE
A SECTOR IN RECOVERY
Challenges that began in early 2020 because of the global pandemic kept people from volunteering and also negatively affected financial
THE MATHIS REPORT
Lofts at San Marco East apartments in review
Carla Harris, senior client adviser at Morgan Stanley, who was chair of that organization’s foundation for nine years, shares her knowledge in new book. Page 4
REAL ESTATE
Study finds community support for philanthropy. Page 7
Waterfront two-story home in Queen’s Harbour Yacht & Country Club sold for $2.63 million. PAGE 9
PAGE 10 Top 10 home sales of the week
SEE GIVING, PAGE 6
THE BASCH REPORT
GOVERNMENT
Paysafe planning reverse stock split to boost price
Details on Paysafe incentives deal
Paysafe Ltd., the financial technology company that plans to open a North American headquarters in Jacksonville, is trying to rebuild investor confidence. PAGE 12
The Jacksonville City Council is expected to introduce legislation that would award $10.1 million in cash grants. PAGE 13
VOLUME 110, NO. 2 | TWO SECTIONS | PUBLISHED SINCE 1912