Wednesday, September 16, 2020

007 Philanthropy

Forbes calls him "The James Bond of Philanthropy." He wanted to die broke, and that's going to happen. Over the past decade he's given away the $8 billion fortune which he made after co-founding Duty Free Shoppers.

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Many wealthy individuals leave their charitable giving in their will, to be dispersed after their death. But Charles Feeney had a different vision. Since you can't take it with you—why not give it all away while you're alive, have control of where it goes and see the results? 

His vision impacted other givers. Laurene Powell Jobs (Steve Jobs' widow) says, "Chuck Feeney is a true pioneer. Spending down his resources during his lifetime has inspired a generation of philanthropists, including me."

(cont'd tomorrow)

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