Dec 19, 2011

News Alert: Donor of $350 Million Cornell Gift Is Identified

Breaking News Alert
The New York Times
Monday, December 19, 2011 -- 9:01 PM EST

Donor of $350 Million Cornell Gift Is Identified

Atlantic Philanthropies, whose gift will be critical in building Cornell's new high-tech school on Roosevelt Island in New York City, was founded by Charles F. Feeney, a Cornell alumnus who made billions of dollars through Duty Free Shoppers. Mr. Feeney, 80, has spent much of the last three decades giving away his fortune. Cornell officials revealed in 2007 that he had given some $600 million to the university over the years, yet nothing on its Ithaca campus, where he was graduated from the School of Hotel Management in 1956, bears his name.

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