Flexjet LLC, offering travelers access to the world’s most luxurious fleet of private jets, today announced that its chairman, Kenn Ricci, has been named one of Town & Country magazine’s Top 50 Philanthropists in the June/July Philanthropy Issue. The honor comes after Ricci created a groundbreaking giving structure called a Philanthropic Succession Partnership (PSP) to donate $100 million to the University of Notre Dame, the single largest unrestricted, guaranteed gift ever committed to the University.
Ricci and the other honorees were recognized at Town & Country’s fifth annual Philanthropy Summit, held on May 9, 2018 at the Hearst Tower in New York, NY. Ricci was a featured speaker on the summit’s “Conscious Capitalism” panel. He focused on the critical role of trust as it relates to giving and innovative approaches such as his Philanthropic Succession Partnership.
“I’m deeply honored by my inclusion among Town & Country’s Top 50 Philanthropists, men and women who have given back to their communities,” said Ricci, who also is principal of Directional Aviation, which owns Flexjet and other private aviation companies. “I hope this recognition will inspire other donors to seek innovative approaches to their philanthropic giving.”
Past and present honorees of Town & Country magazine’s Top 50 Philanthropists include Michael Bloomberg, Priscilla Chan and Mark Zuckerberg, Bill and Melinda Gates, Amal and George Clooney, David Geffen, Sean Penn, Leonardo DiCaprio, George Lucas and Mellody Hobson and the Rockefeller Family.
Town & Country Editor in Chief Stellene Volandes said, “The mission of our annual Philanthropy Issue and our Philanthropy Summit is both to prove that there is always an actionable answer to that question and to celebrate the astounding variety of responses that have been offered. This year especially is approached as a shared desire to better the world and to alter it for good.”
The summit was headlined by T&C Philanthropy issue cover stars: Composer, lyricist and performer Lin-Manuel Miranda and his family; supermodel & entrepreneur, Karlie Kloss; and March for Our Lives organizers Emma González, Alex King, D’Angelo McDade and Delany Turr. Panelists, moderators and speakers included Liz Claman, Gayle King, Bradley Cooper, Sean Parker, Wes Moore, Tamron Hall, Chris Hughes, Molly Ringwald and President Bill Clinton.
Additional panel topics at the summit included “Rewriting the History of Violence,” “The Politics of Patronage,” “The Future of Cancer Care” and “How to Make Philanthropy a Family Tradition.” Lunch was prepared by chef and food activist José Andrés. Flexjet was among the event sponsors.