Introduction
Subway, the world’s largest sandwich chain, recently announced that 50% of its ownership has been transferred to a charity organization called Eat This Not That. This move is part of Subway’s commitment to promoting healthier eating habits and supporting the fight against obesity. Eat This Not That is a non-profit organization that provides nutrition education and resources to help people make healthier food choices. The organization also works to raise awareness about the importance of healthy eating and the dangers of unhealthy eating habits. With this new partnership, Subway and Eat This Not That will be able to work together to create healthier menu options and provide nutrition education to customers.
50% of the Subway Sandwich Chain Now Belongs to Charity
Subway, the world’s largest sandwich chain, has announced that it will donate 50% of its ownership to charity. The move is part of the company’s commitment to giving back to the communities it serves.
The donation will be made to the Subway Foundation, a non-profit organization that supports local and global initiatives that promote health and wellness, education, and economic development. The foundation will use the funds to support its mission of providing access to nutritious meals, educational opportunities, and job training.
The donation is part of Subway’s larger effort to become a more socially responsible company. The company has also committed to reducing its carbon footprint, increasing its use of sustainable ingredients, and investing in local communities.
Subway’s CEO, John Chidsey, said in a statement, “We are proud to be able to give back to the communities we serve and to support the important work of the Subway Foundation. This donation is a reflection of our commitment to making a positive impact in the world.”
The donation is part of Subway’s larger effort to become a more socially responsible company. The company has also committed to reducing its carbon footprint, increasing its use of sustainable ingredients, and investing in local communities.
The move is part of a larger trend of companies donating a portion of their profits to charity. Companies like Starbucks, Microsoft, and Apple have all made similar donations in recent years.
For Subway, the donation is a way to show its commitment to giving back to the communities it serves. It’s also a way to demonstrate its commitment to sustainability and social responsibility.
If you’re looking for a way to support a good cause while enjoying a delicious sandwich, Subway is a great option. With 50% of its ownership now belonging to charity, you can feel good about supporting a company that is doing its part to make the world a better place.
A $1,000 donation made in 1965 is about to pay some serious dividends for educators today. It was revealed earlier this week that Dr. Peter Buck, the late co-founder of the mega-successful Subway restaurants chain, donated his 50% ownership of the brand to charity.
The late Dr. Buck passed away in November 2021, but his will states his half of the Subway empire will be donated to the philanthropic organization that he co-founded in 1999 with his wife: The Peter and Carmen Lucia Buck Foundation Inc.
The PCLB Foundation’s mission statement is to “give motivated people the tools they need to help themselves.” The foundation awards a number of grants, with an emphasis on K-12 public education in the New York and Connecticut areas, but also supports various additional environmental, medical, and journalistic efforts and organizations as well. In the Foundation’s own words, PCLB “looks to support the highest quality organizations that show initiative, leadership, and innovation in solving issues that impact individuals and communities.”
“This gift will allow the foundation to greatly expand its philanthropic endeavors and impact many more lives, especially our work to create educational opportunities for all students, work Dr. Buck cared so deeply about,” Carrie Schindele, Executive Director of PCLB, said in a press release.
The juggernaut sandwich brand we all know as Subway today never would have happened without Dr. Buck. Back in 1965, a then 17-year-old Fred DeLuca approached Dr. Buck, a family friend and nuclear physicist, looking for advice on how to pay for college. The pair devised a plan for DeLuca to open a local sub-shop in Connecticut and Dr. Buck donated $1,000 to the new business.
The rest, as they say, is sandwich history—and the DeLuca and Buck families have remained friends and business partners ever since. Per the Foundation’s press release, Dr. Buck had planned out this final, massive donation well over a decade ago as the final component of his plan to “build PCLB into an institution designed to promote the best qualities of human nature”.
News of Dr. Buck’s posthumous donation comes at an interesting time for the sandwich chain. Last month The Wall Street Journal reported Subway is quietly exploring a potential sale of the company. Considering Subway boasts over 35,000 restaurants all over the world, and brought in $9.4 billion in U.S. sales alone in 2021, there will be no shortage of interested parties ranging from private-equity firms to possible corporate buyers.
The iconic sandwich chain is expected to be valued at over $10 billion. That means if a sale does occur, the PCLB Foundation may receive around $5 billion. Not a bad return on Dr. Buck’s initial $1,000 investment in Subway.
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John Anderer