Charles Feeney '56 - RIP

Started by Chris H82, October 10, 2023, 12:38:41 AM

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Chris H82

October 10, 2023, 12:38:41 AM
He passed away on Monday.  A man remarkably focused on turning his earned wealth into helping humanity. RIP.  The world needs more folks like him.
"What... is your favorite color?"  "Blue. No, yel--auuuuugh!"

billhoward

#3
October 10, 2023, 05:29:50 PM
Chuck Feeney gave away so much of his fortune, I bet he was afraid to come back on campus in case he had overdue library books.

marty

#4
October 10, 2023, 08:42:21 PM
Quote from: billhowardChuck Feeney gave away so much of his fortune, I bet he was afraid to come back on campus in case he had overdue library books.

Yes, but I find it interesting that he was comfortable with 2 million.
"When we came off, [Bitz] said, 'Thank God you scored that goal,'" Moulson said. "He would've killed me if I didn't."

marty

#5
October 10, 2023, 08:42:22 PM
Quote from: billhowardChuck Feeney gave away so much of his fortune, I bet he was afraid to come back on campus in case he had overdue library books.

Yes, but I find it interesting that he was comfortable with 2 million.
"When we came off, [Bitz] said, 'Thank God you scored that goal,'" Moulson said. "He would've killed me if I didn't."

billhoward

#6
October 10, 2023, 11:01:04 PM
Quote from: marty
Quote from: billhowardChuck Feeney gave away so much of his fortune, I bet he was afraid to come back on campus in case he had overdue library books.
Yes, but I find it interesting that he was comfortable with 2 million.
Interesting because $2 million is a lot, or not very much? At 5% that throws off $100,000, which most people could live on, and once you're 90ish, you probably could start to draw down on the principal without going broke.

marty

#7
October 11, 2023, 07:52:08 AM
Quote from: billhoward
Quote from: marty
Quote from: billhowardChuck Feeney gave away so much of his fortune, I bet he was afraid to come back on campus in case he had overdue library books.
Yes, but I find it interesting that he was comfortable with 2 million.
Interesting because $2 million is a lot, or not very much? At 5% that throws off $100,000, which most people could live on, and once you're 90ish, you probably could start to draw down on the principal without going broke.

Interesting because I agree with Chuck yet one of my buddies told me he feels he needs 5-10 million to retire.  My friend and I live very differently in personal finance terms.  I also wonder how much Feeney set aside for his children and grandchildren - that might be an even more interesting number.

We had a local man of means give away his fortune rather than set up a foundation.  I was very much a fan of that, too.  He was an RPI professor who likely thanks to their not so warm and cuddly immediate past president gave the money to the Albany Symphony and the Troy hospital.
"When we came off, [Bitz] said, 'Thank God you scored that goal,'" Moulson said. "He would've killed me if I didn't."

ursusminor

#8
October 21, 2023, 07:54:50 PM
Quote from: marty
Quote from: billhoward
Quote from: marty
Quote from: billhowardChuck Feeney gave away so much of his fortune, I bet he was afraid to come back on campus in case he had overdue library books.
Yes, but I find it interesting that he was comfortable with 2 million.
Interesting because $2 million is a lot, or not very much? At 5% that throws off $100,000, which most people could live on, and once you're 90ish, you probably could start to draw down on the principal without going broke.

Interesting because I agree with Chuck yet one of my buddies told me he feels he needs 5-10 million to retire.  My friend and I live very differently in personal finance terms.  I also wonder how much Feeney set aside for his children and grandchildren - that might be an even more interesting number.

We had a local man of means give away his fortune rather than set up a foundation.  I was very much a fan of that, too.  He was an RPI professor who likely thanks to their not so warm and cuddly immediate past president gave the money to the Albany Symphony and the Troy hospital.

You are the first to call Shirley "warm and cuddly".:-D
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