+
popular

He promised to die 'broke.' $8 billion dollars later, the world is a better place for it.

He promised to die 'broke.' $8 billion dollars later, the world is a better place for it.
via Philanthropy Daily

On September 14, Charles "Chuck" Feeney signed the paperwork to shut down Atlantic Philanthropies. The ceremony was attended via Zoom by the philanthropies' board which included former California Governor Jerry Brown, Bill Gates, and Nancy Pelosi.

While most would think the shuttering of a philanthropic endeavor would be a sad event, it was just how Feeney planned. It marked the competition of four-decade mission to give away almost every penny of his $8 billion fortune.

Feeney has saved $2 million to live on for the remainder of his life.


"We learned a lot. We would do some things differently, but I am very satisfied. I feel very good about completing this on my watch," Feeney told Forbes. "My thanks to all who joined us on this journey. And to those wondering about Giving While Living: Try it, you'll like it."

Feeney was one of the first signatories on the Giving While Living pledge that encouraged the super-wealthy to give away 50% or more if their fortunes while still living.

His generosity was the inspiration for Bill Gates and Warren Buffet to sign their giving pledge in 2010. "Chuck was a cornerstone in terms of inspiration for the Giving Pledge," Warren Buffett told Forbes. "He's a model for us all. It's going to take me 12 years after my death to get done what he's doing within his lifetime."

Feeney co-founded retail giant Duty Free Shoppers in 1960 which now operates in 11 major airports and 20 Galleria stores. In 2017, nearly 160 million travelers visited Duty Free Shopppers locations.

In 1984, he secretly transferred his entire stake in the company to Atlantic Philanthropies which he started two years earlier.

Not even his business partners knew that he no longer owned a portion of the company.

From there he began donating his massive fortune completely anonymously with the plan of giving it all away before he died. His cover was blown in 1997 when a lawsuit required him to reveal his charitable donations.

Feeney was able to amass even larger sums of cash because he was incredibly frugal.

"Until he was 75, he traveled only in coach, and carried reading materials in a plastic bag," a New York Times feature read. "For many years, when in New York, he had lunch not at the city's luxury restaurants, but in the homey confines of Tommy Makem's Irish Pavilion on East 57th Street, where he ate the burgers."

He currently lives in a modest apartment in San Francisco with his wife, doesn't own a car, and wears a $10 Casio watch. On a table in his apartment he has a small, Lucite plaque that reads: "Congratulations to Chuck Feeney for $8 billion of philanthropic giving."

Feeney gave nearly half of his fortune to education, including $1 billion to his alma mater Cornell. He has given $860 million to social change and human rights causes, $700 million to promote global health, $62 million to abolish the death penalty, and $76 million on a campaign to support the passage of Obamacare.

He has personally supported Sinn Féin, a left-wing Irish nationalist party.

"I see little reason to delay giving when so much good can be achieved through supporting worthwhile causes," Feeney said. "Besides, it's a lot more fun to give while you live than give while you're dead."

The super-rich are often rightfully the target of criticism for having ungodly wealth while others struggle to get by. But Feeney is a fantastic example of the power of wealth and how industriousness and greed don't necessarily have to go hand in hand.




Finally, someone explains why we all need subtitles

It seems everyone needs subtitles nowadays in order to "hear" the television. This is something that has become more common over the past decade and it's caused people to question if their hearing is going bad or if perhaps actors have gotten lazy with enunciation.

So if you've been wondering if it's just you who needs subtitles in order to watch the latest marathon-worthy show, worry no more. Vox video producer Edward Vega interviewed dialogue editor Austin Olivia Kendrick to get to the bottom of why we can't seem to make out what the actors are saying anymore. It turns out it's technology's fault, and to get to how we got here, Vega and Kendrick took us back in time.

They first explained that way back when movies were first moving from silent film to spoken dialogue, actors had to enunciate and project loudly while speaking directly into a large microphone. If they spoke and moved like actors do today, it would sound almost as if someone were giving a drive-by soliloquy while circling the block. You'd only hear every other sentence or two.

Keep ReadingShow less

Bengals wide receiver Chad Johnson in 2006.

A startling number of professional athletes face financial hardships after they retire. The big reason is that even though they make a lot of money, the average sports career is relatively short: 3.3 years in the NFL; 4.6 years in the NBA; and 5.6 years in MLB. During that time, athletes often dole out money to friends and family members who helped them along the way and can fall victim to living lavish, unsustainable lifestyles.

After the athlete retires they are likely to earn a lot less money, and if they don’t adjust their spending, they’re in for some serious trouble.

In a candid interview with NFL Hall of Famer and TV personality Shannon Sharpe, Chad Ochocinco (legally Chad Johnson) revealed that he saved 80 to 83% of the $48 million he made in the NFL by faking his lavish lifestyle because it made no sense to him.

Keep ReadingShow less
Nature

Pennsylvania home is the entrance to a cave that’s been closed for 70 years

You can only access the cave from the basement of the home and it’s open for business.

This Pennsylvania home is the entrance to a cave.

Have you ever seen something in a movie or online and thought, "That's totally fake," only to find out it's absolutely a real thing? That's sort of how this house in Pennsylvania comes across. It just seems too fantastical to be real, and yet somehow it actually exists.

The home sits between Greencastle and Mercersburg, Pennsylvania, and houses a pretty unique public secret. There's a cave in the basement. Not a man cave or a basement that makes you feel like you're in a cave, but an actual cave that you can't get to unless you go through the house.

Turns out the cave was discovered in the 1830s on the land of John Coffey, according to Uncovering PA, but the story of how it was found is unclear. People would climb down into the cave to explore occasionally until the land was leased about 100 years later and a small structure was built over the cave opening.

Keep ReadingShow less
Family

American mom living in Germany lists postpartum support and women are gobsmacked

“Every video you make gets me closer to actually moving to Germany.”

U.S. mom living in Germany shares postpartum support she received.

Having a baby is not an easy feat no matter which way they come out. The pregnant person is either laboring for hours and then pushing for what feels like even more hours, or they're getting cut from hip to hip to bring about their bundle of joy. (Unless you're one of those lucky—or rather not-so-lucky—folks who get to labor for hours only to still end up in surgery.)

Giving birth is hard and healing afterward can feel dang near impossible, especially given that most states in the U.S. only offer six weeks of maternity leave and it's typically unpaid. But did you know that not everyone has that experience?

A mom who had her first child in the U.S. before meeting her current husband and relocating to Germany is shedding light on postpartum care in her new country. The stark contrast is beyond shocking to women living in the U.S. and she's got a few considering crossing the ocean for a better quality of life.

Keep ReadingShow less

Meghan Elinor chimes in on the Starbucks tipping debate.

Tipping culture is rapidly changing in America, so understandably a lot of people aren’t sure what to do when they buy a coffee and the debit card reader asks for a tip. It used to be that people only tipped bartenders, drivers, servers and hairdressers.

Now people are being asked to tip just about any time they encounter a point-of-sale system. There is a big difference between tipping a server who lugged around hot plates of food for an hour-long meal and someone who simply handed you an ice cream cone.

"We're living in an era of inflation, but on top of that, we've got tipping everywhere—tipflation. I take it a step further and call it a tipping invasion. Because that's really what I think it is," etiquette expert Thomas Farley (aka Mister Manners) told CBS 8.

Keep ReadingShow less
Pop Culture

One moment in history shot Tracy Chapman to music stardom. Watch it now.

She captivated millions with nothing but her guitar and an iconic voice.

Imagine being in the crowd and hearing "Fast Car" for the first time

While a catchy hook might make a song go viral, very few songs create such a unifying impact that they achieve timeless resonance. Tracy Chapman’s “Fast Car” is one of those songs.

So much courage and raw honesty is packed into the lyrics, only to be elevated by Chapman’s signature androgynous and soulful voice. Imagine being in the crowd and seeing her as a relatively unknown talent and hearing that song for the first time. Would you instantly recognize that you were witnessing a pivotal moment in musical history?

For concert goers at Wembley Stadium in the late 80s, this was the scenario.

Keep ReadingShow less