"History is a wonderful thing, if only it was true"

Sunday, October 10, 2010

Foundation or Government?

On CNBC : Oct 5

Leon Cooperman to give ½ estate to charity

Joe Kernan – "philosophically – does this have anything to do with not wanting to give it to the Government where 90% falls through the cracks?"

Hedge Fund Billionaire Leon Cooperman Donates Most of His Fortune to Charity - DailyFinance:

"Cooperman says his story is the American dream. Now he wants now to donate most of his fortune to 'those that are disadvantaged to experience the American dream.' Cooperman follows in the footsteps Warren Buffett and Bill Gates. He was asked to donate half his fortune to the Gates foundation, but he says he'll donate every dollar he makes to the nonprofit sector, wanting to give back to the system."

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