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Thursday, Jun 13, 2024

Hsieh’s Fight Against COVID-19

Foothill Ranch-based loanDepot during the recent holidays donated $2 million to support families and individuals in need due to the coronavirus.

CEO Anthony Hsieh personally knows the effects of the virus, suffering from it in July.

“It knocked me on my butt,” Hsieh told the Business Journal.

“I lost 27 pounds and I didn’t have 27 pounds to lose. “I lost my senses. I couldn’t drive. I get paid by using my brain,” he said.

“I’m still doing okay. I don’t recommend it to anyone.”

The holiday donations included $100,000 each for several partner charitable organizations, such as: War Heroes on Water, United Cerebral Palsy of Orange County, Boys and Girls Club of Central Orange Coast, Second Harvest Food Bank and Free Wheelchair Mission.

It also gave $1.5 million in $500 emergency payment cards to 3,000 individuals.

Altogether, the company has donated more than $3 million in 2020. It’s one reason the Business Journal in May picked Hsieh as one of 50 Orange County executives who made a difference in the coronavirus fight.

Hsieh began the War Heroes on Water fishing tournament to honor military veterans who have been wounded. The tournament has raised $1 million to date to support veterans’ therapeutic services.

Hsieh has a new goal to double to 100 the number of wounded veterans in this coming October tournament and raise as much as $2 million for them.

“As an immigrant, I love this country as much as I can,” said Hsieh, a native of Taiwan who moved to the U.S. when he was 8 years old. “It’s not a perfect country but it’s much better than any other.”

—Peter J. Brennan

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