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Sebastian S. Kresge (Site not responding. Last check: 2007-10-13) |
 | | Sebastian Spering Kresge (July 31, 1867-October 18, 1966), American merchant and philanthropist, was the founder of the S.S. Kresge Company, now known as Kmart Corporation. |
 | | Born in Bald Mount, Pennsylvania, Kresge founded his company in 1899 with an $8,000 investment in two five-and-ten-cent stores, one in downtown Detroit, Michigan. |
 | | In 1924, Kresge established the Kresge Foundation, a non-profit organization whose income he specified simply "to promote the well-being of mankind." By the time of his death, Kresge had given the foundation over $60 million. |
| www.wikimoz.org /wiki/en/wikipedia/s/se/sebastian_s__kresge.html (139 words) |
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