Philanthropist Chuck Feeney Winds Down ‘Giving While Living’

Chuck Feeney, philanthropist.

August / September 2012

Chuck Feeney, the Irish-American billionaire known for both his generosity and distaste for the limelight, has announced that he will bring his extraordinary charitable giving to a close by the end of 2016.

Feeney, who made his fortune as the co-founder of the Duty Free Shoppers Group, founded Atlantic Philanthropies in 1982 as a channel for his donations. Since then, he has given close to $5 billion in grants, a practice in line with his personal philosophy of “giving while living.”

He has given $1.25 billion to causes in Ireland, both North and South, particularly to universities and educational programs.

The announcement marks an effort to put the $1.83 billion in remaining funds to their most effective use, with $750 million already dedicated to existing projects. Atlantic Philanthropieswill then cease operations in 2020.

Feeney, who was inducted into the Irish America Hall of Fame in 2011, commented to the Irish Times “I particularly value the commitment and spirit of generosity among the many people I have come to know through Atlantic’s work across the island of Ireland. These are challenging times. I admire the resilience of the people on this island and remain optimistic for the future.”

Leave a Reply




 

Share



More Articles

Mary McFadden and her husband, Larry Stifler (center, standing) with Grab the Torch students.
Promoting Health and Philanthropy

Mary McFadden and her husband Larry Stifler were well ahead of the curve in recognizing the need to combat obesity,...

More

Grab the Torch announces a new scholarship in memory of Brian Harty (top right corner).
First Brian Harty Scholarship To Be Awarded by Grab the Torch

Announcing a new scholarship in honor of Brian Harty, an inspirational young man who passed away in 2010. In honor and...

More

Some of the founding Friendly Sons. Top row: Thomas Fitzsimons, Stephen Moylan and John Barry. Bottom Row: John Dickinson, General “Mad” Anthony Wayne and Robert Morris.
The Friendly Sons of St. Patrick

The Friendly Sons of St. Patrick, or The Society of the Friendly Sons of St. Patrick for the Relief of Emigrants from...

More

Denis O’Brien with local people in Haiti.
Irish Power and Irish Concern: Denis O’Brien

Denis O’Brien, a Clinton Global Citizen honoree and the 2012 Irish America Business 100 Keynote Speaker, is...

More