Definitions

Jones family

Dennis M. Jones Family Foundation

The Dennis M. Jones Family Foundation is a St. Louis, Missouri-based foundation that provides scholarships to underprivileged students.

The foundation was formed in 2000 after the founder of JONES PHARMA, Inc., Dennis Jones, merged the company into King Pharmaceuticals. The foundation was funded with 1,000,000 shares of King and converted into cash through the public sale of the shares at $52 per share.

The foundation trustees are Dennis M.and Judith A Jones, J. Denise Jones Franz and Dennis M. Jones, Jr.

The purpose of the foundation is to promote the growth and education of underprivileged children mainly through scholarships. The largest donation to date was $2,000,000 for the creation of The Junior Achievement Free Enterprise center in Chesterfield in 2005.

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