UnitedHealth Group Centi-Millionaire Keith G. Myers / Family Foundation / Horse Farm
This is the 2nd in a series to expose those who made a fortune when UnitedHealth Group acquired their company. The goal is to associate these individuals with UnitedHealth Group.
Optum (owned by UnitedHealth Group) acquired home health giant LHC Group for $5.5 billion, co-founder Keith G. Myers pocketed a massive portion of the equity payout as one of its largest individual shareholders. As part of the merger transition, Keith also secured a $5.5 million sign-on bonus alongside a $550,000 baseline salary to stay on as CEO Emeritus.
Keith has an estimated net worth between $182 million and $289 million.
Keith and his wife Ginger founded the Keith And Ginger Myers Family Foundation. I have been going through the foundation's public 990-PF form. The address associated with that public form under Part XIV is Coteau Grove Farms. A very exclusive horse farm, including Elfin Queen, the daughter of Triple Crown Winner Justify, which Keith and Ginger acquired Elfin Queen for $550k.
The Keith And Ginger Myers Family Foundation donates to 3 causes, Ul Lafayette Foundation INC ($472k), University of Louisville Foundation INC ($17k) and the third one is an individual who has received $4.3 million in 2023 to 2024. Philanthropy.org lists those three here.
I have looked high and low and I can't find who in the world the individual is who received $4.3 million from them. Under Part XIV of the public 990-SF form where it should show all of the donations made it just says "SCHEDULE ATTACHED, VARIOUS" There's no mention of the $4.3 million individual. Which should be about $2.1m to 2.2m per year, and that amount is listed.
Are there any tax accountants who can take a look at their 990 form? Who is the mystery individual who received $4.3 million over two years?