Atlantic Philanthropies

In Australia, you saw similar things with Peter Beattie in Queensland and the Smart State Initiative, and that he was an orchestrator along with John Hay, who was the Vice-Chancellor.

But there was also the philanthropy money that came into it as well through Atlantic Philanthropies, and again, an orchestrator through Chuck Feeney.

Now, the condition was, yes, the funds will flow, provided there's collaboration.

So that learning, I guess, stayed with me over many years.

There are other foundations that have done that.

Atlantic Philanthropy is being another prominent example.

But it's unusual, right? foundations exist in perpetuity.

And thanks to the stock market are able to do that.

Lots of people dissuade him, but he basically puts into irrevocable trust.

And the trust basically became General Atlantic Philanthropies, whose money was managed by what became General Atlantic Partners, big global reputed private equity firm.

In today's terms, Chuck Feeney would have given away 75,000 crores of wealth.

When he died, he had less than a million dollars.