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Chuck Feeney died last year at the age of 92, but his legacy lives on through the Bill and Melinda Gates Foundation.
In a letter to the foundation's shareholders, CEO Mark Suzman writes that Feeney "showed us all how the actions of one generous person can set the wheels in motion for generations of progress."
The billionaire didn't own a house or car, but he "gave away virtually all his wealth while he was alive," Suzman writes.
He gave away "a vast array of causes around the world: public health system strengthening in Vietnam, HIV clinics in South Africa, and grassroots campaigns to expand health care coverage to people with low incomes, to name a few."
His "humble but powerful philanthropy inspired so many people, including Warren Buffettand our foundation's co-chairs, Bill Gates and Melinda French Gates," Suzman writes.
Earlier this month, the foundation's board approved a 2024 budget of $8.6 billion, which it plans to use "to fund innovative ways to save and improve lives," Suzman writes.
"Many philanthropists are stepping up, but this extraordinary moment requires more: more urgency, more resources, and more bold, new ideas from around the world," he continues.
"By focusing on the
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