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

credit:

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

How's Your Community Doing?
Check Out it's
Community Vital Signs

Creative Sculptures Line Ligonier Streets During Annual Ice Fest

Creative sculptures line Ligonier streets during annual Ice Fest January 26, 2025 at 7:57 am EST.Follow Channel 11 News on Facebook and Twitter.download the FREE WPXI News app for breaking news...more

Creative Learning

Pittston Area first and second grade students took part in creating a mural with the guidance of the Pittston Area art teachers and the Artist in Residence Gina Rice.The approximate 8'x8' mural was...more

Ganderbal's Creative School Teacher Takes Kashmiri Poetry to New Literary Heights

Ganderbal's creative school teacher takes Kashmiri poetry to new literary heights.Azhar completed his early schooling from a local private school.He is currently serving as president Anjuman Adab...more

Seven Charter Schools Set to Open in Coming Weeks

Seven charter schools are expecting to open in the coming weeks with intakes ranging from six to 60 pupils.Among them is the Auckland French International School, which was set up by a trust created...more

'A Smart, Talented, Creative Thinker:' Unm Political Science Professor Dies

'A smart, talented, creative thinker:' UNM political science professor dies.Htun's husband, Doug Turner said she remained "100% committed to her students" Htun is survived by Doug Turner and their...more

Reopened Sunderland University Cinema to Hold Public Screening

University of Sunderland's St Peter's Campus will show a range of films to celebrate independent cinema and North East filmmakers.Head of the School of Media and Creative Industries, Lee Hall, said...more

Committee on Education Condemns Callous Killing of Kraaifontein School Principal

Chairperson of the Select Committee on Education, Sciences and Creative Industries, Mr Makhi Feni, has condemned in the strongest possible terms the callous killing of Ekuthuleni Primary School...more

Mend It, Don't End It: It's Time to Reset Clean Energy Policy by Focusing on Price ...

Price/performance parity (P3) should be the focal point for U.S.clean energy policy.Government has a key role to play across the entire span of technology development and deployment.Launch Manhattan...more

From Smokestacks to Smart Solutions: Shibei's Evolution As An Innovation Hub

Shibei High Technology Park is a national-level industrial ecological demonstration park.Shibei is Shanghai's first dedicated blockchain industry cluster.The first phase covers 120,000 square meters,...more

Seattle Djc.Com Local Business News and Data

Turner's Seattle virtual design and construction team has developed an innovative workflow that combines BIM trade coordination, 3D parametric modeling, tool path development, and CNC routing.VDC has...more