Philanthropist Wants to Be Rid of His Last $1.5 Billion
Resource type: News
The New York Times | [ View Original Source (opens in new window) ]
By JIM DWYER
Across from a television set with the obsolete girth of a model bought 20 years ago, beneath the grandchildren’s crayon artwork taped to the wall, to the left of an abandoned hula hoop, Charles F. Feeney sits in an armchair and explains how he will get rid of his last $1.5 billion, give or take, by 2016.
Just as he did with his first $6 billion, it will all be awarded through Atlantic Philanthropies, the group of private foundations he created in 1982 and managed to run anonymously for its first 15 years, even though it was one of the largest sources of grants in the United States, Ireland, South Africa and Vietnam.
When bouncing a check is a good thing
The response to Jim Dwyer’s New York Times article was humbling. Thanks to all who commented on and shared this story.