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Thomas DePetrillo and Carol Keefe Fund
By Jean Cohoon / December 31, 2013 /   Loading Disqus...
In his recently-released book, Don’t Stop the Roller Coaster: Business and Life Lessons, Tom DePetrillo states, “Having money is nice, but it is a blessing only if you share some of it to help your community and those less fortunate than you.”

That is what Tom and his wife, Carol Keefe, plan to do through this donor advised fund. “We both have a penchant to contribute to poor people, where the money goes directly to them, and where you can see the results. We want to help people who are really having a hard time in their lives,” Carol explains.

Tom was raised primarily in Chad Brown public housing in Providence, and is one of 11 children. “It was really a great childhood. We didn’t think about how little our parents had,” Tom says.

He completed ninth grade, then quit school to help support his family. Enlisting in the service at 17, Tom obtained his GED and completed a one-year electronics course before serving two years in Germany. Upon discharge, he worked in electronics for General Electric, Raytheon, and Westinghouse. Tom later became a stock broker, then an investment banker which he continued until 1996 when he started his own venture capital and buyout firm, Providence Capital Group.

Carol, who was born in Boston and grew up in Connecticut, earned an undergraduate degree from Southern Connecticut State University and a master’s in education from University of Massachusetts Amherst. She taught remedial reading in junior and senior high schools in Massachusetts before pursuing a law degree at Suffolk University. After graduating, she worked in the attorney general’s office as a criminal prosecutor, worked as a public defender, and later entered private practice, from which she retired eight years ago.

Carol and Tom’s family includes Tom’s three children from an earlier marriage, Tom, Erin, and Paul, as well as two grandchildren.

Tom concludes his book by encouraging readers “to do their part to help other people and make the world a better place. Get involved. You can make a difference.” That’s what Tom and Carol are doing through the Foundation.
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