4
| News |

We Too Are Planning on Giving All Our Money to Charity. Just Not All $171 Million Of It.

^
Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

This morning, Slate, in conjunction with the Chronicle of Philanthropy, released its annual list of the nation's most generous philanthropists. At No. 8 on the "Slate 60" is T. Boone Pickens, the 78-year-old founder of Mesa Petroleum and BP Capital Management in Dallas who gave $160 million to establish the T. Boone Pickens Foundation here late last year. It's through the foundation that Pickens will be making his charitable donations, though last year he also gave some $11.5 mil to 82 nonprofits, says Slate, among them the American Civil Rights Coalition in Sacramento, the Communities Foundation of Texas in Dallas and the Dallas Center for the Performing Arts.

Slate provides a little more info about Pickens' intentions with the new founation:

The foundation's giving will be distributed to groups throughout the country and focus primarily on health and medical research, treatment, and services, as well as conservation and wildlife management, corporate health and fitness, education and athletics, and assistance for troubled children. Pickens, who is chairman of the new foundation, has said he hopes to give away 80 percent of his fortune, estimated at $2.7 billion, while he is still alive. He has not yet decided whether to endow the foundation or simply donate money to it every year. He has said, however, that the foundation will eventually give away all of its money to charity at some point after his death.

Pickens is on the list between the late Mary Joan Palevsky and Michael Bloomberg, mayor of New York City. Still, Warren Buffett's about $43 billion ahead on the charitable scoreboard. --Robert Wilonsky

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Observer community and help support independent local journalism in Dallas.

 

Join the Observer community and help support independent local journalism in Dallas.