A Donor Can Stand Up: Battling Over Donor Intent at the Atlantic Philanthropies

Conservatives may not approve of many of the causes that former billionaire Charles Feeney has given money to over the years, but they would agree that he ought to have influence over how his foundation, Atlantic Philanthropies, spends his hard-earned money. This article tells the story of how the duty-free stores magnate fought back after his foundation’s board of directors cut him out of the decision-making loop. Feeney’s story contains an obvious lesson about protecting donor intent, one that we imagine is being carefully studied by individuals and families who have already endowed, or are considering endowing, some of their wealth to foundations.

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