New York. March 3, 2003.
Feeney decided to go further. His foundation would not slowly hand out a small share each year, the way many charities do. It would spend everything while he was still alive.
He called it “giving while living.”
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“Giving 5 per cent doesn't do so much good,” he said. “Besides, it's a lot more fun.”
The foundation even sold off its properties, including a hotel in Limerick, Ireland, that Feeney had built. “It was his baby,” its former manager said.