Most large companies structure their affairs so that they minimize their tax payments. As long as you do it within the law, it's OK.
From Chuck Feeney
I became convinced that there was greater satisfaction from giving my money away and seeing something come out of the ground, like a hospital or a university.
When you are 81 years old, you don't really need a lot of the trappings of wealth.
It is logical for a U.S. person to give their money away while they are alive, as the government will take it from you when you die in taxes.
I was with a special services unit in the Korean war, and when I got out, the biggest thing I got was a GI scholarship.
I was raised as a Catholic, but I got up to go to church because I thought I'd be hit by a bolt of lightning if I didn't.
I suppose in the back of my mind I was always one of those guys who had a disdain for money. It had a value if you wanted to buy something, but if you didn't want to buy something, you didn't need it.
I always tried to live my life as though nothing changed. People would say, 'You can have a Rolls-Royce'. I'd say to that, 'What do I want with a Rolls-Royce when I can have a Volkswagen or a bike?' Some people get carried away with the juice.
I believe strongly in 'giving while living.' I see little reason to delay giving when so much good can be achieved through supporting worthwhile causes today. Besides, it's a lot more fun to give while you live than to give while you are dead.
I watched a little girl cover her face up and leave her hands in front of her mouth. I saw that girl after surgery, and she was smiling... that's a great source of satisfaction.
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