How Giving Became Cool – NYTimes.com
15 years ago, Ted Turner took his obnoxiousness to a whole new level… I never cared for the way he chose to operate or behave in public (not like I’m any better, mind you), but I really liked what he started.
Not only did he make it “fashionable” to contribute to philanthropic causes, but he did it in such a way that hasn’t been forgotten after almost 2 decades. He made it “socially competitive” and was pretty brash about recruiting other billionaires into following suit.
Good for you, CNN Dude. Feel like you’re finally headed in the “right” direction? Ha 😉
It was 15 years ago that Ted Turner needed something interesting to say in a speech — and decided, in a rush, to give away $1 billion.
“I was on my way to New York to make the speech,” Turner recalled to me. “I just thought, what am I going to say?”
So, in front of a stunned dinner audience, he announced a $1 billion gift to United Nations causes such as fighting global poverty.
In nominal terms, before adjusting for inflation, that semiaccidental donation was, at the time, believed to be the biggest single gift ever made, and it has helped transform philanthropy.