Paul Allen commits majority of his wealth to philanthropy
seattletimes.nwsource.com
Paul Allen commits majority of his wealth to philanthropy
1–10 of 85 posts
Re: Paul Allen commits majority of his wealth to philanthropy
#2Now that is a worthy goal to set for a budding entrepreneur: becoming a future philanthropist.
Re: Paul Allen commits majority of his wealth to philanthropy
#3An amazing gift from an amazing individual and one of the original hackers.
Re: Paul Allen commits majority of his wealth to philanthropy
#4"The man who leaves money to charity in his will is only giving away what no longer belongs to him." -Voltaire
Re: Paul Allen commits majority of his wealth to philanthropy
#5Now that is a worthy goal to set for a budding entrepreneur: becoming a future philanthropist.
That was Andrew Carnegie's goal. Way before becoming rich he had a goal to give away mass sums of money. He wrote about his philanthropic philosophy in The Gospel of Wealth, summarized here:
http://www.fordham.edu/halsall/mod/1889carnegie.html
Re: Paul Allen commits majority of his wealth to philanthropy
#6Now that is a worthy goal to set for a budding entrepreneur: becoming a future philanthropist.
That was Andrew Carnegie's goal. Way before becoming rich he had a goal to give away mass sums of money. He wrote about his philanthropic philosophy in The Gospel of Wealth , summarized here: http://www.fordham.edu/halsall/mod/1889carnegie.html
Erm... Did Carnegie state his goal was to give away money before he acquired massive amounts of it or was it after being labeled a robber-baron?
It's easy to say that being a nice guy was your goal all along after you get caught.
Not that Paul Allen is not a nice guy. There seems to be no evidence on the contrary.
Re: Paul Allen commits majority of his wealth to philanthropy
#7An amazing gift from an amazing individual and one of the original hackers.
Indeed. He was the best of the early Microsoft.
Re: Paul Allen commits majority of his wealth to philanthropy
#8Which is better?
Just giving away money or targeted investment on critical research/development and social needs to inflict a lasting change (without taking any profit)?
Would you drop few billion dollars on Africa or would you make investments to create long-term industry that will give people jobs and help them help themselves?
I think what Paul/Gates/Buffet and others are doing is great, but I think we have to start looking at ways to make maximum impact instead of feel-good philanthropy to non-profit organization.
IMO ofcourse.
Re: Paul Allen commits majority of his wealth to philanthropy
#9To escape from death tax?
Re: Paul Allen commits majority of his wealth to philanthropy
#10"The man who leaves money to charity in his will is only giving away what no longer belongs to him." -Voltaire
Apparently he's unmarried and has no children, so there's not really many good options for his estate apart from charity. I suppose he could disperse it among nieces and nephews, or build himself a pyramid for a tomb, but charity seems like the obvious route.