Muckety
 
 
 
 
 

Billionaire Chuck Feeney gives it all away

By Laurie Bennett

March 9, 2008 at 11:10am

Little-known philanthropist Chuck Feeney has patterned his life on an Irish proverb: “There are no pockets in a shroud.”

As Margot Roosevelt of the Los Angeles Times reported in a rare profile yesterday, Feeney plans to give away $8 billion in the next 8 years.

Feeney, co-founder of Duty Free Shoppers, which was bought by Bernard Arnault in 1997, put most of his fortune into Atlantic Philanthropies eight years ago. He gave the foundation leadership an usual mission: Spend every dollar by 2016.

Roosevelt reports that the fund has paid out $8 billion so far. Beneficiaries of Feeney’s largesse include Cornell University, his alma mater; and universities throughout Ireland, home of his ancestors.

His foundation focuses on four major issues: aging, disadvantaged youth, population health and human rights. Most of the grant dollars have gone to projects in the U.S. and Ireland, but the foundation has also funded programs in Vietnam, South Africa, Australia and the UK.

For years, Feeney, now 76, kept his philanthropic activities secret. The existence and scope of Atlantic Philanthropies became public only after the sale of his company.

In recent months, his personal involvement has become more widely known because of the publication of a biography, The Billionaire Who Wasn’t: How Chuck Feeney Secretly Made and Gave Away a Fortune, by Irish journalist Conor O’Clery.

Feeney sees an upside to going public, saying he wants to set an example for other moguls who are sitting on mounds of cash. His new mission, he told the Times, is to show other billionaires the merits of “giving while living.”

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Philanthropy & nonprofits · Wealth  

1 Comments

  • #1.   Eileen 05.08.2009

    Chuck Feeney is doing wonderful work,the colleges and Universitys of Ireland,can never thank him enough. However not all young people are fortunate enough to get the benefit of college or University,if i could get my hands on even 500.000 euro of his money,i could make a worthwhile difference for many young people who grew up in the difficult stressful border areas.They have been forgotten by all involved in the peace programmes and Ireland fund grants.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.


Become a fan of Muckety on Facebook

  • Search for stories
      
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC