Bloomberg’s “Brackets for a Cause” March Madness charity contest returned for another year, giving the biggest names in American business and finance a change to make their picks for the NCAA tournament to benefit charity.
Bloomberg brought together a group of titans from the worlds of business and finance once again to take their best shot at creating the perfect March Madness bracket.
Each of the invited participants donated $10,000, amassing a total pot of $380,000. Rules called for that amount to go to the charities of choice for the three participants with the most accurate brackets.
Tilman Fertitta, chairman of the Houston Police Foundation, participated in the event and selected – yes! – the Houston Police Foundation as his benefitting charity.
Fertitta, the CEO of Landry’s, Inc., shared the top winning bracket with Bill Ford, CEO of General Atlantic. He beat out other participants like Michael R. Bloomberg, Bloomberg LP Founder; Tom Farley, NYSE Group President; and Steve Ballmer, Los Angeles Clippers owner – just to name a few.
Bloomberg will present a check in the amount of $161,500 to the Houston Police Foundation to go toward funding the “Tactical Training Facility” for Houston Police Officers.