Word: philanthropist
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Dates: during 1990-1999
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DIED. JAY PRITZKER, 76, billionaire philanthropist and founder of the Hyatt hotel chain; in Chicago. In 1979 he established the Pritzker Architecture Prize, which is now considered the most prestigious honor in the field...
Giving away a lot of money isn't that easy. "Every one of us is going to give the money away at some point," says Bill Davidow, a venerable Silicon Valley philanthropist and multimillionaire, "but some of us just haven't chosen to part with it yet." Some charitable foundations and organizations, he says, haven't learned ways to make folks feel good about giving away their money: "My wife and I, for example, contribute to a wonderful organization that has one of the most disorganized development groups I have ever seen...
...TITAN: THE LIFE OF JOHN D. ROCKEFELLER, SR. The man who made his surname synonymous with limitless riches was reviled and caricatured during his life, and posterity has not been too much kinder. Biographer Ron Chernow's account portrays both the thin-lipped skinflint and the philanthropist who gave away hundreds of millions of dollars to worthy enterprises. Monopolies seem to be back in vogue. Wherever he is now, the old man must be smiling...
...hardly surprising that so many people showed up to hear the billionaire philanthropist speak. After all, investment banking is one of the most popular fields for graduating seniors and economics is the most popular concentration at Harvard. Soros spoke at a campus divided between seniors pursuing economic success and those pursuing social ideals...
After selling his empire to J.P. Morgan in 1901 to form the centerpiece of the new behemoth, U.S. Steel, Carnegie devoted himself to good deeds. A prodigious philanthropist, he created 2,800 free libraries worldwide. "The man who dies rich dies disgraced," he declared bluntly. Like Rockefeller, Carnegie endowed large corporate foundations with elastic charters that took on an autonomous existence. At his death he had disbursed almost his entire $350 million fortune...