The $1 Billion Handoff - Christianity Today Magazine

The $1 Billion Handoff - Christianity Today Magazine: "The $1 Billion Handoff
Sir John Templeton's born-again son takes control of the famous foundation—but there are strings attached.
by Tony Carnes | posted 08/19/2005 09:00 a.m.

Last year, Sir John Marks Templeton, the legendary 92-year-old global investor, made one big decision. He gave away $550 million, becoming the third-largest financial donor of 2004 after Microsoft's Bill Gates and investor Warren Buffet's wife, Susan.

A naturalized British citizen (and knight by grant of Elizabeth II), Templeton gave the money to his foundation, unique in its sustained focus on science and religion. These new funds propelled the John Templeton Foundation into the top 100 American foundations, with assets approaching $1 billion."