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Michael Jordan Donates $1 Million to University of North Carolina

National Park Foundation Seeks Approval for Sponsorship Program

University of Michigan Professor to Head William Davidson Institute

Weingart Foundation Funds Teacher Training Program

Corporate Giving Trends Solidify

George Soros Helps Fund Exploration of Alternatives to Drug War
Stuart Sloan Pledges Support to Seattle Elementary School

Merrill Lynch Announces Community Foundation Alliance

John Randolph Foundation Publicizes Its Efforts

Ted Turner Says the Super Rich Need a New List

David and Lucile Packard Foundation Helps Fund Los Altos Land Purchase

Chase Manhattan Bank Gives $750,000 to Carnegie Hall
Natalie Overall Warren, of The William K. Warren Foundation, Obituary

Ruth Sheldon Knowles, of the Indonesian Cultural Foundation, Inc., Death Notice

Marvin Weissglass, of the Weissglass Charitable Trust, Death Notice


The Foundation Center

Vol. 2, Issue 38
September 18, 1996

Ted Turner Says the Super Rich Need a New List

When media mogul Ted Turner donated more than $200 million to charity two years ago, he reportedly felt a tremor. "My hand shook when I signed the papers," he recalled in an interview with Maureen Dowd of The New York Times, "because I knew I was taking myself out of the running for the richest man in America." Instead of the joy of giving, Turner says, he was consumed by the fear of falling off the Forbes "Four Hundred" list of wealthiest Americans. "That list is destroying our country," he said. "These new super-rich won't loosen up their wads because they're afraid they'll reduce their net worth and [wind up lower] on the list. That's their Super Bowl." Turner says he'd like to see an annual list of the most generous philanthropists. "I talked to both Bill Gates and Warren Buffett, the two richest men in the country, and they would be inclined to give more if there was a list of who did the giving rather than the having."

Dowd, Maureen. "Ted's Excellent Idea." Liberties. New York Times 8/22/96, p. A25.

See also: Littwin, Mike. "The Mega-Rich Holding Tight to Their List." St. Louis Post-Dispatch 9/5/96, p. 1G.


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