sclog

Giving money away while you are making it? Novel idea. Getting caught up on some reading and read an article in September 24th BusinessWeek called “Giving It All Away” about a book called The Billionaire Who Wasn’t, which is about Chuck Feeney who quietly gave away his fortune before he amassed it. He could be worth $4 billion today, but instead, is currently worth only $1.5 million. Over the next 12 to 15 years Feeney’s offshore foundation called Atlantic Philanthropies will “spend itself out of business…giving away $350 million annually to four causes: disadvantaged children, the care and treatment of the elderly, global health problems, and human rights.”