Albert Stone
Encyclopedia
Albert Stone is the owner of Sterilite
and a philanthropist from Townsend, Massachusetts
.
. He attended Colby College
and then served in the navy
during the Korean War
. During that time, he was stationed in Okinawa. After his service in the military, he attended Harvard Business School
. After his graduation, he joined Sterilite
, the company that his uncle and father founded in 1939.
to Townsend, Massachusetts
in 1968, he settled down in neighboring town Groton. Later on in life, he became a philanthropist
locally. Over the years, he has donated money for a food bank
, playground, and defibrillators to the town. His most recent donation has been estimated at 20 million dollars, when he donated money for the construction of the town library and senior center. This donation came along with a clause that stated that the library should not be named after him or the company, but for a former selectman and his wife, consistent with his rather quiet demeanor and attention-shy personality.
Sterilite
Sterilite Corporation is an American manufacturer of plastic storage containers. The company was founded by Saul and Edward Stone and Earl Tupper in 1939....
and a philanthropist from Townsend, Massachusetts
Townsend, Massachusetts
Townsend is a town in Middlesex County, Massachusetts, United States. The population was 8,926 at the 2010 census.For geographic and demographic information on the census-designated place Townsend, please see the article Townsend , Massachusetts....
.
Early life
Albert Stone was raised in Haverhill, MassachusettsHaverhill, Massachusetts
Haverhill is a city in Essex County, Massachusetts, United States. The population was 60,879 at the 2010 census.Located on the Merrimack River, it began as a farming community that would evolve into an important industrial center, beginning with sawmills and gristmills run by water power. In the...
. He attended Colby College
Colby College
Colby College is a private liberal arts college located on Mayflower Hill in Waterville, Maine. Founded in 1813, it is the 12th-oldest independent liberal arts college in the United States...
and then served in the navy
United States Navy
The United States Navy is the naval warfare service branch of the United States Armed Forces and one of the seven uniformed services of the United States. The U.S. Navy is the largest in the world; its battle fleet tonnage is greater than that of the next 13 largest navies combined. The U.S...
during the Korean War
Korean War
The Korean War was a conventional war between South Korea, supported by the United Nations, and North Korea, supported by the People's Republic of China , with military material aid from the Soviet Union...
. During that time, he was stationed in Okinawa. After his service in the military, he attended Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
. After his graduation, he joined Sterilite
Sterilite
Sterilite Corporation is an American manufacturer of plastic storage containers. The company was founded by Saul and Edward Stone and Earl Tupper in 1939....
, the company that his uncle and father founded in 1939.
Later life
After moving the company from Fitchburg, MassachusettsFitchburg, Massachusetts
Fitchburg is the third largest city in Worcester County, Massachusetts, United States. The population was 40,318 at the 2010 census. Fitchburg is home to Fitchburg State University as well as 17 public and private elementary and high schools.- History :...
to Townsend, Massachusetts
Townsend, Massachusetts
Townsend is a town in Middlesex County, Massachusetts, United States. The population was 8,926 at the 2010 census.For geographic and demographic information on the census-designated place Townsend, please see the article Townsend , Massachusetts....
in 1968, he settled down in neighboring town Groton. Later on in life, he became a philanthropist
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...
locally. Over the years, he has donated money for a food bank
Food bank
A food bank or foodbank is a non-profit, charitable organization that distributes mostly donated food to a wide variety of agencies that in turn feed the hungry. The largest sources of food are for-profit growers, manufacturers, distributors and retailers who in the normal course of business have...
, playground, and defibrillators to the town. His most recent donation has been estimated at 20 million dollars, when he donated money for the construction of the town library and senior center. This donation came along with a clause that stated that the library should not be named after him or the company, but for a former selectman and his wife, consistent with his rather quiet demeanor and attention-shy personality.
External links
- http://www.boston.com/news/local/massachusetts/articles/2009/11/13/a_grand_gift_to_the_town_from_the_man_you_cant_see/