Charles Feeney says, “I don’t need another million dollars. It doesn’t add anything to your life. It may make life a bit more comfortable for you. But, I’m not uncomfortable today.” In 1982 he gifted his entire multi-billion dollar fortune to his foundation, Atlantic Philanthropies, with the intent to spend it all by 2016. Feeney made his fortune as a co-founder of Duty Free Shoppers Group which offered high-end retail products to travelers free of import taxes. Atlantic Philanthropies has granted over $6 billion to support ideas to solve the world’s most complex and urgent problems.
Today, the Inyathelo South African Institute For Advancement honored Feeney with its 2014 Lifetime Philanthropy Award for Giving while Living. Inyathelo seeks to create social impact in three areas: strengthening civil society; building the capacity of higher education to raise private resources; and developing a philanthropic movement in South Africa.
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Original video found on the Inyathelo YouTube page. You can follow The Atlantic Philanthropies on Twitter @atlantic and Facebook. For resources and spend-down or “giving while living” strategies check out the their report, Turning Passion Into Action: Giving While Living Pathways to Enduring Results: Lessons from Spend-Down Foundations. CFSJ can help you maximize the results of your giving during your lifetime.