Paul Allen commits majority of his wealth to philanthropy

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OSUBlazerfan

OSUBlazerfan

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http://seattletimes.nwsource.com/ht...012363890_paul_allen_signs_billionaire_p.html

Billionaire Paul Allen has taken his friend Bill Gates up on his challenge to publicly pledge the majority of his wealth to philanthropy.

Allen, who is 57, said today that he plans to leave the majority of his $13 billion estate to philanthropy to continue the work of his foundation and to fund scientific research. It was also a way of marking the 20th anniversary of the Paul G. Allen Family Foundation, which he started in 1990 with his sister, Jo Lynn Allen, and has since given 3,000 grants totaling about $400 million.

A month ago, Bill and Melinda Gates and Warren Buffett began a public campaign to encourage other billionaires to make a "Giving Pledge," and donate at least half of their wealth to charity.

Allen said he has planned to do that for many years, but he had not gone public with his intentions until now.

"He and Bill have talked about this and he thinks it's a good idea to let people know," said David Postman, a spokesman for Allen at Vulcan. "He hopes that maybe it spurs other people to give and he's hoping there will be good things that come of it."

Allen said he wanted to make it clear that his philanthropic efforts "will continue after my lifetime," he said in a statement. "As our philanthropy continues in the years ahead, we will look for new opportunities to make a difference in the lives of future generations."

This year Forbes ranked Allen as the world's 37th richest person with a fortune estimated at $13.5 billion.

His total giving over the years has reached about $1 billion, reflecting eclectic interests in science, the arts and education, including nonprofits he founded: the Allen Institute for Brain Science and the Experience Music Project.

While Gates' charity has become global in size and ambition, Allen's has remained mostly local and personal.

"Since the beginning, our philanthropy has been focused in the Pacific Northwest, where I live and work," Allen said. "I'm proud to have helped fund great work done by non-profit groups throughout the region. But there's always more to do."

Allen has battled non-Hodgkin's lymphoma since his diagnosis last fall. He has finished chemotherapy treatments and has been been doing well, Postman said. Allen traveled to Africa recently, and has been "running businesses as much as he ever has. He stays intimately involved in the things he cares about."


The Paul G. Allen Family Foundation also announced $3.9 million in funding to 41 nonprofit organizations in the Pacific Northwest, focused largely on arts and culture.

The foundation gave Anniversary grants of $20,000 each to five individual founders of nonprofits, recognized as "change agents who created organizations that continue to deliver high impact programs for local communities."

The recipients are Rachel Bristol, founder and CEO of Oregon Food Bank; Bridget Cooke, founder and executive director of Adelante Mujeres in Forest Grove, Ore.; Jeanne Harmon, founder and executive director of the Center for Strengthening the Teaching Profession in Tacoma; Myra Platt and Jane Jones, founders of Book-It Repertory Theatre in Seattle; and Ken Stuart, founder and president of Seattle Biomedical Research Institute.
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It's obvious to me that PA knows his health isn't good. While I know a new owner couldn't take the team from Portland, I still get an uneasy feeling.

I know there has been speculation that Larry Miller will take over ownership, and I even heard Terry Porter still has investors lined up. Those would be good choices. Ideally, Phil Knight would step in and buy them from whoever Paul leaves them to.
 
Uncle Phil owning this team would be a great great thing.
 
I don't think Phil Knight has shown any interest whatsoever in owning another professional sports franchise; he's already got a football, basketball and track team to worry about ... whoops! :wink:
 
No way Phil owns a professional team. Too much of a conflict in interest with NBA players. Not leagally but in his eyes it would not be wise.

Maybe Paul will leave 500 million to the new owner only to be used for player salaries...................... The Blazer fans should fall under philanthropy
 
Nikolokolus said:
I don't think Phil Knight has shown any interest whatsoever in owning another professional sports franchise; he's already got a football, basketball and track team to worry about ... whoops! :wink:
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:drumroll: Stinkin Beavers :p
 
Note to self...have name legally changed to Phil Anthropy.
 
Boys and Girls Clubs of America?

;)
 
The Oregonian has demonstrated more desire than anybody to control the team. They should buy it.
 
jlprk said:
The Oregonian has demonstrated more desire than anybody to control the team. They should buy it.
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Go on. Tell us again about how it a newspapers fault the franchise floundered. i fucking love it.

Magical newspaper powers!
 
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The team hasn't floundered. But newspapers are going the way of the dodo, because of free internet news.

I'm glad you love it. After papers are gone, basketball will still be with us.
 
jlprk said:
The team hasn't floundered. But newspapers are going the way of the dodo, because of free internet news.

I'm glad you love it. After papers are gone, basketball will still be with us.
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WTF are you talking about? I don't give a fvck about the newspaper bit.

No. Tell us how the Oregonian derailed the Blazers.

C'mon do it.

Tell us again about how the small time newspaper is at fault for all the Blazers recent woes.

DO IT!!!!
 
And WTF are you talking about? What recent woes? The team is financially stronger than the Oregonian, which has about a decade left to live.

And who is "us"? Do you speak for the board, or are you multiple personality?

I order you to find where I have ever said that the paper is responsible for woes. I simply have said that the paper hates the team and is a perpetual critic. Canzano thinks he can make the decisions better than Paul Allen, so I said, have the paper buy it then, if they want to hate Paul Allen.

I order you to find where I said it. C'mon do it. Tell us again. DO IT!!!! This is an order!
 
jlprk said:
And WTF are you talking about? What recent woes? The team is financially stronger than the Oregonian, which has about a decade left to live.

And who is "us"? Do you speak for the board, or are you multiple personality?

I order you to find where I have ever said that the paper is responsible for woes. I simply have said that the paper hates the team and is a perpetual critic. Canzano thinks he can make the decisions better than Paul Allen, so I said, have the paper buy it then, if they want to hate Paul Allen.

I order you to find where I said it. C'mon do it. Tell us again. DO IT!!!! This is an order!
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what the fuck are YOU talking about?

I'm not comparing the financial stability of newspapers to the Blazers.

You said a week or so ago it was the Oregonians fault for the Blazer implosion after Bob. They demanded changes and got them or something along those lines.

You blamed the paper.
 
Well WTF are you talking about then? Heya, you-a talkin' to ME???????? You don't talk-a to ME that way. I canna talk-a the talk a lot better than you can.

The Oregonian has hated everything about the NBA for many years. They have tried, and succeeded, in changing this team. They don't like the "culture" of the NBA. They spent years badmouthing Whitsitt, demanding that he go and all of his players too. So the next President and GM did the paper's bidding, but then the Oregonian turned on them, too. Once they were gone, the paper turned on the owner.

You got any problem with the facts? Take your complaints to the ombudsman. C'mon DO IT. "We" want you to and you can come back and tell "us" what your mental Guide advises you to. You stand alone and I, as the spokesman for everyone here, carry the message of everyone here that the whole board is against you!!

MUUUUAHAHAHAHAHAHAHAH !!!!!!!!!!!!!!!

BE AFRAID !!!!!!! VERY AFRAID !!!!!!!!!!!
-------------------------------------------------------------
P.S. You write POSTS as if you're NUTS.
 
jlprk said:
They have tried, and succeeded, in changing this team.
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That's the one! Thanks!

Magical newspaper powers! It's all their fault! Chuck Culpeppers mind bending Jedi Tricks!
 
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It's called the power of the press. If the media has no influence, why do they bother writing editorials? Your behavior (posting on a board) belies your words (writing has no influence).

A day has passed and I forgot to act crazy. WTF ARE YOU TALKING ABOUT????????
 
jlprk said:
It's called the power of the press. If the media has no influence, why do they bother writing editorials? Your behavior (posting on a board) belies your words (writing has no influence).

A day has passed and I forgot to act crazy. WTF ARE YOU TALKING ABOUT????????
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Dear god, you are an absolute melon.

"It's called the power of the press"

Jesus christ :grin:
 
Nikolokolus said:
point and set to Jlprk
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Brilliant. Because he said "The power of the press?"

It's not actually a power you know?

Have you bought Portland Timbers season tickets for next season? No? Hmmmm.... How exactly were you able to fight of the power of the press? They told you to, but you haven't done it yet.

Did you just ignore them or something?
 
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Mediocre Man said:
It's obvious to me that PA knows his health isn't good. While I know a new owner couldn't take the team from Portland, I still get an uneasy feeling.

I know there has been speculation that Larry Miller will take over ownership, and I even heard Terry Porter still has investors lined up. Those would be good choices. Ideally, Phil Knight would step in and buy them from whoever Paul leaves them to.
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I could never support a team owned by child-labor abuser Phil Knight.
 
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