Steinbrenner's many philanthropic activities include the founding of the Gold Shield Foundation in 1982. This is an organization of business executives in Tampa Bay, Florida dedicated to providing support to the families of police officers and firefighters who were killed on the job. "It's nice to have money because of what you can do with it," he later told Kaufman. "I live OK because I work hard, but when I see a need is there, I like to give."
In addition to the Yankees, Steinbrenner has remained involved in several other business ventures, including operating Kinsman Stud Farm, a sprawling thoroughbred horse farm in Ocala, Florida that has regularly bred and trained champion race horses. He has also invested in several Broadway theater productions; he is said to enjoy attending theater productions and other art events near his home in Tampa, Florida. To succeed him as Yankees owner, Steinbrenner has been grooming his two sons, Hal and Hank, and his son-in-law, Steve Swindal. All are general partners in the Yankees already.
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