To much publicity, Golisano, the three-time gubernatorial candidate, announced in 2009 he was changing his residency to Florida to save about $5 million a year in taxes. He said the money could be better spent on his philanthropy.
He’s making good on that pledge.
Backed by a $5 million “challenge grant” in May 2010, the new Golisano Children’s Museum of Naples is set to up in February. According to its website, the 30,000-square-foot museum “will feature ten spectacularly designed, child-scaled exhibits to invite sensory and intellectual exploration.”
In November 2009, Golisano made his first contribution to an organization outside New York state, a $4 million gift to the Ave Maria University in Ave Maria, Fla. to build its first indoor athletic facility, the Tom Golisano Field House.
Golisano, however, continues to be a strong backer of organizations in the Rochester area, according to the Golisano Foundation website.
Last July, Golisano gave $20 million to expand the Golisano Children’s Hospital.
In April 2010, he gave $10 million for the Center for Restorative Neurology and Rehabilitation at Unity Health System in Rochester. In November 2009, he gave $10.2 million to the Golisano Foundation “to assure continued support for programs and services for individuals with intellectual and development disabilities.”
Overall, the foundation said that Golisano’s philanthropic contributions have totaled more than $170 million.
Forbes listed Golisano’s net worth at $1.4 billion.