Paul Allen Joins BIll Gates By Giving Away His Fortune
http://www.luxist.com/2010/07/17/paul-allen-joins-bill-gates-by-giving-away-his-fortune/
Paul Allen and Bill Gates founded Microsoft and now Allen is taking a page
out of Gates's book, announcing that he will give more than half of his
estimated $13.5 billion fortune to philanthropy. Just last month we learned
about a plan that Gates, his wife, Melinda and Warren Buffett had cooked up
to get the country's billionaires to earmark half their fortunes to
charitable causes. Other billionaires who have already committed to at least
a 50 percent pledge include Eli and Edy Broad, John and Ann Doerr, H.F.
"Gerry" and Marguerite Lenfest and John and Tashia Morgridge.
Allen already has an existing foundation, the Paul G. Allen Family
Foundation. His projects have included the nonprofit scientific research done
at the Allen Institute for Brain Science, the Allen institute and the
Experience Music Project/Science Fiction Museum. As the NY Times reports
Allen has made Chronicle of Philanthropy's annual list of the nation's 50
largest donors, eight times. Last year, he ranked No. 11 for giving away $85
million.
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