Dissatisfied with the lack of charity-donating choices over the past 20 years, Siegel's project sets up twin funds with company committees that will select the recipients for the donations locally as well as within the 5,000-employee company itself.
"Charity begins at home," the blunt-spoken developer, tells GlobeSt.com. "We'll help others in the community, of course, but our people come first."
The program will be formally announced to CFI employees by Aug. 1. Siegel personally will fund the foundation's startup operations. He wants to raise $1 million in the next 18 months. His employees contributed $500,000 or 2.3% of United Way's $21.6 million raised in 2000.
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