Gary R. Gibbs is the owner of Cambridge Associated Real Estate, LLC, a company that develops commercial and residential real estate properties. Outside of work, Gary R. Gibbs supports nonprofit organizations and, along with his wife, has sponsored more than 30 children living in Nicaragua.
Sponsoring children is a familiar form of a direct financial aid provided from households in developed countries with $3.39 billion being spent on the sponsorship of 9.14 children. A study published in the 2013 Journal of Political Economy demonstrates that this sponsorship results in positive results including a 27 to 40 percent increased chance that the children will complete secondary school and a 50 to 80 percent increased chance they will complete university. The study also showed that sponsored children have better employment outcomes when they become adults since they have a 35 percent increased probability of finding work in a white-collar job.
This study used data collected by Compassion International, an established childhood sponsorship organization that investigated the adulthood outcomes of 10,144 individuals living in Uganda, the Philippines, Kenya, Guatemala, and other countries.
Gary R Gibbs 