Argonne Capital CEO Michael Klump Donates $1 Million
Submitted by United Way of Greater Atlanta
Noted Atlanta investor Michael Klump, founder and CEO of investment firm Argonne Capital Group, LLC, announced today a $1 million donation to the Greater Atlanta COVID-19 Response and Recovery Fund – a fund created by United Way of Greater Atlanta and Community Foundation for Greater Atlanta to help people most affected by the current pandemic. The fund has already issued close to $4 million in grants to address critical issues exacerbated by COVID-19, like food insecurity and need for rent and utility assistance, medical support and childcare.
The Klump donation will be made by Michael and his wife, Elizabeth, through The Klump Family Foundation. The donation comes alongside previously announced contributions from local corporate and philanthropic leaders including The Arthur M. Blank Family Foundation, The Coca-Cola Company and the Robert W. Woodruff Foundation. A full list of funders is detailed here.
“Elizabeth and I have always been committed to the well-being of the people of Atlanta. We hope this donation can lift up our communities during these difficult times and help their citizens return to their livelihoods as quickly and safely as possible,” said Klump. “We hope that this gift encourages other local leaders to lend their support.”
The Klump Family Foundation also supports Children’s Healthcare of Atlanta, Skyland Trail (a nonprofit mental health organization), and several other local non-profit organizations.
“The current pandemic is revealing how interconnected we all are, and how much we depend on one another to do the right thing” says Milton J. Little, Jr., CEO and president of United Way of Greater Atlanta. “We are grateful to Michael and Elizabeth Klump and The Klump Family Foundation for showing such strong support for our community through their generous gift.”
“We appreciate this significant commitment from The Klump Family Foundation, it will help amplify our efforts to get funding into the region quickly and effectively,” said Alicia Philipp, president, Community Foundation for Greater Atlanta. “Generous contributions like this underscore the role of philanthropy in this time of uncertainty.”
Klump is the founder and chairman of Argonne Capital Group, an Atlanta-based private investment firm founded in 2003 that specializes in multi-unit restaurant, retail and service industries. The firm’s investments include significant holdings in brands such as IHOP, Applebee’s, Planet Fitness, John Deere, Sonny’s BBQ and On The Border Mexican Grill and Cantina.
About United Way of Greater Atlanta
United Way of Greater Atlanta, the largest United Way chapter in the nation, focuses on ensuring that every child in Atlanta has the opportunity to reach his or her full potential. The organization invests in more than 200 programs in 13 counties through the Child Well-Being Impact Fund and works to help children succeed in school, improve financial stability of families, provide affordable and accessible healthcare and end homelessness. For more information, visit: unitedwayatlanta.org or Facebook, LinkedIn, Twitter and Instagram.
About the Community Foundation for Greater Atlanta
Since 1951, the Community Foundation for Greater Atlanta has been leading and inspiring philanthropy to increase the vitality of our region and the well-being of all residents. With nearly 70 years serving the 23-county Atlanta region and a robust team of experts, the Community Foundation expands its philanthropic reach and impact by providing quality services to donors and bold, innovative community leadership. The Community Foundation is a top-20 community foundation among 750 nationally, with approximately $1.2 billion in current assets, and is Georgia’s second largest foundation. For more information, visit: cfgreateratlanta.org or connect with the Foundation via Facebook, LinkedIn and Twitter
For The Klump Family Foundation / Argonne Capital Group:
For United Way of Greater Atlanta
For Community Foundation for Greater Atlanta
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