From $8 billion to Zero: Lessons from the Wind-Down of a Major Foundation

In 2020, the Atlantic Philanthropies closed its doors after global grantmaking of $US 8 billion over 38 years. It began as a private foundation, and its founder, Chuck Feeney, who had made his fortune with airport Duty Free Shoppers, believed that “ is more fun than giving while dead,鈥� serving as an inspiration for . The foundation took on 鈥� peace in Northern Ireland, biomed research, racial equity, Viet Nam鈥檚 healthcare system, and more. In 2002, Feeney committed that the foundation would spend to zero and wind down by 2020. Not an easy task. These from the Atlantic Philanthropies are useful for Canadian foundations and philanthropists.

Wednesday, January 20, 2021 in Forever is a long time
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