NET WORTH: $2 billion and $1.98 billion
SOURCE OF WEALTH: UFC, Red Rock Resorts, Fertitta Entertainment
FUNDING AREAS: Education & Youth, Health, Human Services, Arts & Culture, Veterans
OVERVIEW: Billionaire brothers Frank and Lorenzo Fertitta move their philanthropy through the Frank and Victoria Fertitta Foundation. The family’s giving has a Las Vegas focus. Interests include education and human services.
BACKGROUND: Frank Fertitta graduated from USC in 1984. His younger brother, Lorenzo Fertitta, graduated from UC San Diego and received his MBA from NYU Stern School of Business. Frank and Lorenzo made their fortune through mixed martial arts promoter UFC. They bought UFC for $2 million in 2001; it sold to an investment group led by WME/IMG for $4 billion in 2016.
EDUCATION & YOUTH: The Fertitta family, via their foundation, supports Junior Achievement of Southern Nevada, Bishop Gorman High School, and Helping Kids Clinic.
Frank and his wife Jill also support USC, home to the Jill and Frank Fertitta Hall and the Jill and Frank Fertitta Endowed Chair in Business. NYU is home to the Fertitta Veterans Program, following a $15 million gift. The Fertitta brothers also recently gave a $10 million gift to UNLV Foundation for a new football training facility. Frank and Lorenzo’s brother-in-law Blake graduated from UNLV.
HEALTH: Grantees include Nevada Diabetes Association-Camp Vegas and American Health Association.
HUMAN SERVICES: The family is involved with Catholic Charities of Southern Nevada; efforts include providing free holiday meals. Other grantees include HELP of Southern Nevada and Three Square FoodBank.
ARTS AND CULTURE: The Fertitta family, via their foundation, also supports arts institutions like Nevada Ballet Theatre and Discovery Children’s Museum.
VETERANS: Apart from the Fertitta Veterans Program, the family supports Veterans Village, the Fisher House Foundation, the Intrepid Fallen Heroes Fund, and the Wounded Warriors Project.
LOOKING FORWARD: With several billion dollars between them, Frank and Lorenzo Ferittita are likely to continue giving in coming years. Apart from Nevada, the family also has ties to Texas.
The Frank and Victoria Fertitta Foundation does not provide a specific application form, but is open to contact:
The Frank and Victoria Fertitta Foundation
10801 West Charleston Blvd, Ste 600
Las Vegas, 89135