BROOMFIELD — Vail Resorts Inc. (NYSE: MTN) CEO Rob Katz will donate about $11.7 million in exercised stock appreciation rights proceeds to organizations combating the COVID-19 pandemic and fighting for social justice and racial equality.
Among the recipients of Katz and wife Elana Amsterdam’s grants, according to a Vail news release, are:
If asked to identify any emerging theme resulting from the events of 2020, I’d have to say that we are challenging historical norms at a record-setting pace. There is a large degree of discord in our political system regarding the state of our economy and the suggestions on how to fix it are endless.
- Tulane University Medical School
- Equal Justice Initiative
- Know Your Rights Camp
- Various youth organizations
“This is an incredibly challenging time for our country, and while a primary mission of our charitable giving will remain supporting mental and behavioral health and COVID-19 relief efforts in mountain communities, Elana and I feel passionate about supporting efforts that ensure basic human rights, empowerment and health for everyone,” Katz said in a prepared statement. “We are proud to lend our voice and resources to these critical initiatives, movements and organizations that are creating positive change for our society every day.”