Equinox to Donate $1 Million to Charity After Investor Stephen Ross’ Trump Fundraiser Outrages Members
Harvey Spevak, the executive chairman of Equinox, has announced a $1 million to charity after one of the company’s investors, Stephen Ross, hosted a fundraiser for Donald Trump.
The fundraiser in the Hamptons raised $12 million for the president’s re-election campaign.
In an email to members, Spevak said that Ross “is not the majority investor in Equinox. He is one of the investors including myself. He does not run the company. I do. I am the Executive Chairman of Equinox and have led the vision and strategic direction of the company since I joined in 1999. Our focus has always been about building a community centered on our values, not politics.”
Ross is the majority owner of Related Companies, the company that purchased Equinox back in 2005.
“While I don’t have all the answers, what we have heard from many of you is that you would like Equinox to immediately help amplify your voice in support of causes we as a community have always held close. As a next step, Equinox will make a $1 million donation to benefit [Cycle for Survival, The Heroes Project, The Felix Organization, Move for Minds and House Lives Matter],” Spevak added in his letter.
Lots of celebrities, like Chrissy Teigen and Billy Eichner, spoke out against Equinox after news of the fundraiser was made public. Many people have canceled their memberships in the past week in protest of the fundraiser.
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