In 1992, Bob and his bride, Patricia Brady Danzig, established their nonprofit organization Professional Bi-Cultural Development (PBD). The organization is named to reflect the acronym of Patricia's name: PBD.

In recognition of Patricia's international singing career, PBD's initial goals were dedicated to boosting career growth for gifted young musicians from both the United States and abroad. More than 300 musicians have been the beneficiaries of financial support.

When Bob stepped down as CEO of the Hearst Newspaper Group and accelerated his speaking/author career, the scope of the gifting was expanded to include support for foster care children in college. Significant numbers of those children have benefited from this support.

No outside funds are sought or accepted for the charity. It is funded wholly from Bob's speaking/lecture fees and author royalties—all of which are donated to the charity.