Friday, October 13, 2023

Mother Jones: "Chuck Feeney’s Legacy Is a Lesson for America’s Billionaires"

Download (5)Mother Jones reported on the philanthropy of Charles "Chuck" Feeney, who died last week. From that story:

In 2016, Feeney’s charitable foun­dation pledged the last remaining sliver of his staggering wealth to Cornell, cap­ping an epic three-decade giving streak. All told, starting in the early 1980s, Feeney had doled out $8.6 billion, setting aside a scant $2 million for himself and his second wife, Helga, to live on in their old age. For every $100,000 Feeney gave away, he kept about $25.

Other Coverage: Forbes.

Lloyd Mayer

https://lawprofessors.typepad.com/nonprofit/2023/10/mother-jones-chuck-feeneys-legacy-is-a-lesson-for-americas-billionaires.html

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