Corporate Philanthropy Turns to U.N. Foundation
October 1, 2008
The creation of a private foundation to distribute Ted Turner’s mammoth $1-billion pledge to the United Nations has provided a place for other individuals and entities to contribute to the United Nations, reports The Financial Times.
Donations to the U.N. Foundation have topped $700-million thus far from sources other than Mr. Turner and have included gifts from major companies. The foundation expects to raise another $1-billion by 2017, the Times reports.
