Nabors Industries CEO Tony Petrello is committed to helping the less fortunate. Over the past 20 years he has given millions to a wide variety of charitable causes and philanthropic organizations. And even today he continues to make significant contributions to groups working to help people facing social, health and financial challenges. Tony Petrello’s upbringing in a close-knit working-class community in Newark, New Jersey and his caring family have helped to make him into a loving, generous person people can turn to for support in difficult times.
One of the projects to which Anthony Petrello has given millions of dollars and a lot of his time is the creation of the Jan and Dan Duncan Neurological Research Institute at Texas Children’s Hospital. When Carena, Tony and Cynthia Petrello’s daughter, was born with cerebral palsy, Tony Petrello sprang into action. He provided the hospital with $7 million in seed money to begin building a research and treatment facility that has since been able to help children worldwide dealing with neurological problems. Tony Petrello not only helped Texas Children’s Hospital raised the hundreds of million of dollars necessary to build, equip and staff the facility, he continues to help them today.
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When Hurricane Harvey destroyed large areas of Houston, Texas and left hundreds of thousands of people homeless and in desperate straits, Tony Petrello once again stepped up to help. He donated $175,000 to the hurricane relief efforts. With his help, Nabors Industries also used their kitchen facilities to make and distribute hundreds of thousands of hot meals each day to people in need and workers involved in the clean-up and rebuilding efforts. In addition, when the employees of Nabors Industries raised over $173,000 to help in Houstonians struggling to rebuild their lives, Tony Petrello matched their donation.
Tony Petrello’s recent donation to Yale University is further evidence of his caring nature. When their world-renowned math professor Serge Lang died recently, Tony Petrello helped create a scholarship fund in his name by making a $150,000 donation. Petrello, who had studied under Professor Lang while earning both a bachelor’s and master’s degree in mathematics from Yale, also donated an additional $150,000 to be used as a matching fund for future donations to the scholarship. It was his of showing appreciation for the help and support he received from Professor Lang.
These a but a few examples of the philanthropic efforts of Tony Petrello.