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Charles ‘Chuck’ Feeney
An elderly billionaire says he is delighted to be bankrupt after donating his entire $ 8 billion fortune to charity.
Charles ‘Chuck’ Feeney, 89, co-founder of Tax Free Shopping, distributed his money through donations to different charities, universities and foundations of his choice.
Feeney said he’s ‘happier than ever’ after setting aside $ 2 million for himself and his wife to live on, and donating the rest of his huge fortune. “We learned a lot,” he said.
“We would do some things differently, but I am very satisfied. I feel great about completing this on my shift. ”
Feeney and his wife Helga celebrated with a call from Zoom that included a video message from Bill Gates. The Speaker of the United States House of Representatives, Nancy Pelosi, sent Feeney a letter from Congress thanking her for her life’s work.
Feeney was known for making a promise to donate all of his money to charitable causes and is known as the ‘James Bond of philanthropy’ due to his previous desire to donate anonymously.
The former billionaire was known for creating the idea called Give While You Live, which involves spending money on charities during life rather than after death. “And for those who wonder about Dar while living,” Feeney said. Try it, you will like it.
He gave $ 3.7 billion to education, including nearly $ 1 billion to his alma mater Cornell.
Feeney also donated more than $ 870 million to human rights and social change causes, including $ 62 million in grants to abolish the death penalty in the U.S. and $ 76 million for grassroots campaigns supporting the approval of health insurance. Obamacare, according to Forbes.
Feeney’s generosity has even inspired well-known billionaires such as Warren Buffet and Bill Gates, who praised the man’s generous ideologies. “He’s a model for all of us,” Buffet said.
“It will take me 12 years after my death to do what he is doing during his life.”
Gates said Feeney encouraged him to give more to the world and inspired him and other philanthropic organizations to donate as much as possible during his lifetime.
“Chuck created a path for other philanthropists to follow,” Gates said. No one is a better example of that than Chuck.
Many people tell me about how it inspired them. It’s really amazing ‘. Feeney and his wife now live in a modest San Francisco apartment with a plaque that reads “Congratulations to Chuck Feeney on $ 8 Billion in Philanthropic Donations.”
“I see little reason to delay giving when so much good can be achieved by supporting worthy causes,” he said. Plus, it’s a lot more fun to give while you live than to give while you’re dead.
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