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Charles Feeney Passes Away

Charles Feeney, a quiet hero of philanthropy and tech investments, sadly passed away at the age of 92 in San Francisco on Monday. Chuck, as he was known to friends, was the man who gave away almost his entire $8 billion fortune to charity, often without fanfare.

Charles Feeney believed in low-key giving. He donated anonymously to universities, medical institutions, and humanitarian causes across the globe, from the United States to Vietnam, South Africa.

He even played a crucial role in the peace process in Northern Ireland, offering support to both Sinn Fein and the Ulster Defense Association. His work behind the scenes helped lead to the Good Friday Agreement in 1998 and the birth of a power-sharing government in Belfast in 2007.

Chuck’s story is one of remarkable contrasts. He went from selling duty-free liquor, cigarettes, and perfume to American servicemen in Europe in the 1950s to amassing a colossal fortune from investments in tech start-ups. At the height of his wealth, dividends from his many investments bought him luxury homes in prestigious locations around the world. The very definition of a jet-setter, worth an estimated $8 billion.

However, he felt increasingly uncomfortable with such opulence. Chuck decided to live more modestly, shedding his luxurious lifestyle, and giving his money away quietly. He was one of the original signatories to the Gates Giving Pledge, promising to donate most of his wealth to charity.

In 2016, Charles Feeney fulfilled his promise by donating $7 million to his alma mater, Cornell University, emptying the accounts of his foundation, Atlantic Philanthropies. He retained a mere $2 million for himself, a fraction of what he had earned and shared over the years.

Charles Feeney’s legacy isn’t one of wealth or grandeur but of humble giving and selflessness. He’s an inspiration to all of us, reminding us that it’s not how much you have, but what you do with it that truly matters. Chuck’s actions will forever be remembered as a shining example of giving while living.