Forbes – Heroes of Philamthropy
P.N.C.Menon 64, Chairman Emeritus, Sobha Developers, plans to give away half his estimated $435 million fortune though he hasn’t signed the Giving Pledge. “I decided these 25 years ago,” says the real estate baron. “It’s nothing new.” The Sri Kurumba Trust, his family’s charitable arm, adopted 4 villages in his native Kerala state in 2006 and helps families with a monthly income below $90. On a 10-acre site it runs Sobha Hermitage, a home for senior citizens and young widows; Sobha Academy, a free school for more than 700 poor children; and a medical center. The trust also provides free meals and conducts mass weddings.