Most of Joseph Flom’s Millions Go to Charity, Not Family

Joseph Flom was the first associate at Skadden Arps, Slate, Meagher & Flom. He died in February at age 87, and most of his millions will go to charitable causes. He left $50 million to the Flom Family Foundation, $2 million to Harvard Law School, and $1 million to the Skadden Fellowship Foundation.

Flom’s widow, Judi, will get $7.5 million and funds from a marital trust.  Flom’s son, Jason, says that his father always told his children that he would give his money to charity and that they should go make their own money.

See Debra Cassens Weiss, Most of Joseph Flom’s Millions Will Go to Charity, ABA Journal Law News Now, Apr. 19, 2011.