Charles Feeney Discusses Donating His Last $1.5-Billion
August 8, 2012 | Read Time: 1 minute
The New York Times looks at Atlantic Philanthropies founder Charles Feeney and his efforts to give away the last of his $7.5-billion fortune.
Mr. Feeney, who made his money running airport duty-free shops, has already donated $6-billion through Atlantic, a group of foundations that has announced plans to spend down its assets and close by 2016.
“When you’ve got the money, you spend it,” he told the Times. “When you’ve spent it all, let someone else get going and spend theirs.”
The article details Mr. Feeney’s modest lifestyle—noting his off-the-rack clothes and 20-year-old television—and his giving in support of medical care, immigration reform, education, criminal justice, and peace building in Northern Ireland, South Africa, and elsewhere.
