Tuesday, September 06, 2011

Feeney's new formula for giving | The Australian

Feeney's new formula for giving | The Australian: Feeney's new formula for giving

Jill Rowbotham
From: The Australian
September 01, 2011 12:00AM

Mr Charles F Feeney, Founding Chairman, The Atlantic Philanthropies and Professor Susan D. Desmond-Hellmann MD MPH Chancellor of the University of Californa, San Francisco at a University of Queensland reception held in Customs House , Brisbane last night Picture: Sproule David Source: The Australian

ENCOURAGING responses to pilot philanthropy projects at the University of Tasmania and the University of New South Wales have reinforced American billionaire Chuck Feeney's new strategy for donating.

Mr Feeney, 80, is renowned for the $500 million he has donated to medical research facilities in Australia in the past 13 years. It is always a condition of a grant made by his foundation, The Atlantic Philanthropies, that institutions to which it donates find matching funding.

But in the past three months Mr Feeney has held talks with local high net worth individuals to encourage them to join him in Giving While Living networks, collaborating on donations to various projects, Atlantic's Australian director, David Kennedy says.

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