Christmas Spirit: Home Sale Going to Charity
Mark Andrus, who made his fortune selling Stacy's Pita Chips to Frito-Lay, is giving back. He's listed a historic Chestnut Hill, Mass. estate that he recently renovated at $12.5 million and will donate 15 percent of the sales price to the Boston Food Bank. With this home, Andrus is launching RH Design and Development, his new real estate development company devoted to helping people in need.
Read on to see interior photos.
We think he couldn't have picked a better time and hopefully more millionaires and billionaires will join in the "give back" drumbeat.
For the 45-year-old Andrus, giving back has been a way of life. Both his parents gave generously despite their own struggles. His dad, a physician, lost his eyesight to diabetes and went back to school to become a psychologist, a path that Andrus himself pursued. Even when the company he co-founded with his ex-wife Stacy was a struggling upstart, it offered free English-as-a-second-language classes to the community.
Allison Mazer of Sotheby's International Realty has the listing.
Read the full story on Luxist.
For insights on tax advantages see these AOL Real Estateguides:
- Four Ways to Benefit From a Cash-In Refinance
- How to Lower Your Property Taxes
- After the Homebuyer Tax Credit: Mortgage Tax Deductions
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.