Chuck Feeney'S Legacy Is a Lesson for America'S Billionaires


Foundation: Atlantic Philanthropies

Chuck Feeney is "my hero and Bill Gates' hero," Warren Buffett once said.

"He should be everybody's hero."

Mother Jones calls the billionaire "the James Bond of philanthropy."

The 92-year-old Feeney, who died Monday, was already a billionaire when he pledged in 2016 to give away most of his $8.6 billion fortune, but by the time the Giving Pledge was announced, he was no longer a billionaire.

Instead, he had given away most of his money over the past three decades, keeping about $25 of it for himself and his second wife to live on in their old age.

The New York Times reports Feeney's giving streak was the second-longest in the history of the Giving Pledge, which was started by Buffett and the Gateses in 2010.

The Giving Pledge encourages billionaires to give away a majority of their wealth.

Feeney's giving streak started in the early 1980s, when he and a friend invented the duty-free industry and made hundreds of millions of dollars a year selling tax-free liquor to US troops overseas.

After that, he gave away most of his money over the next three decades, keeping most of it for himself and his second wife.

He once said that for every $100,000 he gave away, he kept

Read the Entire Article


Selected Foundation News

A customized collection of news from foundations from around the Web.

Investing In Digital Yuan: A Pathway To Financial Empowerment

The People's Bank of China says it will start allowing people in China to use the country's new digital currency, the Digital Yuan, to buy goods and services starting next month, the BBC...more

Indian Companies Show Interest in Impact Investing but Face Challenges: Deloitte Csr Survey

When it comes to corporate social responsibility, India's government and public sector companies are at the top of the list. But when it comes to companies of all sizes, they're at the bottom,...more

Singapore'S Temasek Sees Impact Investing at Tipping Point

The world's biggest state investors are getting into the business of making positive social and environmental impact investments. Singapore's Temasek Holdings, one of the world's largest state...more

Norrsken Vc Closes ‚¬320M

"Our long-term vision is to see every dollar invested globally as a net positive for people and planet." So says Niklas Adalberth, the founder of Norrsken Foundation, which operates Norrsken VC,...more

Only 28 Percent of Businesses Ready for Impact Investing; Many Re-Evaluating Csr ...

When it comes to giving back to the communities in which they operate, India's companies are in a race against time to up their game. A new survey from Deloitte finds that just 28% of companies...more

Companies Shift from Compliance to Impact Investing in Csr Initiatives: Deloitte Report

Indian companies are spending more and more on philanthropic efforts. A survey of 185 companies by accounting and consulting firm Deloitte found that 25% of them spend more than $100 million a...more

Csr Activity Transcends Compliance Boundaries, Companies Embrace Impact Investing: Deloitte

Indian companies are spending more and more time thinking about how to make a positive impact on the world around them, the Economic Times reports. According to a survey of 185 companies by...more

Leaders in Sustainability Share Their Perspectives on the Future of Workplace Wellness as ...

During the Covid-19 virus, many businesses took a hard look at how they do business and realized they needed to do more to attract and retain top talent, Forbes reports. According to a report...more

Cross-Border Impact Ventures: Investing In Transformative Health Companies To Meet ...

"We've noticed that there are a wide variety of investment opportunities that can truly be transformative for women's and children's health and have confirmed, time and time again, that without...more

Fidogreen, an Alternative to Esg Projects Was Launched

Italian crowdfunding site Ener2Crowd has just launched a new service called FidoGreen, which it says is the first "sustainable finance platform for sustainable investments," Quartz...more






Three social enterprises were recognized at the 2013 President’s Challenge Social Enterprise Award for their major contributions to society. SATA CommHealth and Bliss Restaurant landed Social Enterprise of the Year titles, while Bettr Barista Coffee Academy bagged the award for Social Enterprise Start-up of the Year.




Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders