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The Independent UK
The Independent UK
National
Thalia Beaty

Q&A: FedEx founder, veteran Fred Smith offers unusual gift

Fred Smith FedEx Jesse Brown Marine Corps Navy Tom Hudner
Copyright 2018 The Associated Press. All rights reserved

Fred Smith, the founder of FedEx, believes that if you've done well, you should give back to the public interest.

The 78-year-old Marine Corps veteran stepped down as FedEx's CEO last year, but remains its executive chairman. The billionaire rarely publicizes his and his family's philanthropic donations, but agreed to speak about a recently announced gift to the Marine Corps Scholarship Foundation that he and the foundation estimate could grow in value to $65 million over time.

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