The Indiana University Lilly Family School of Philanthropy has named Charles F. "Chuck" Feeney, who established the Atlantic Philanthropies, as the inaugural recipient of the school's Stead Medal in International Philanthropy.
Created in honor of businessman and philanthropist Jerre Stead, the prize is awarded to people who have demonstrated outstanding commitment and leadership in all aspects of international philanthropy and who have worked to sustain philanthropy as a force for improving communities, institutions, and people around the world. Stead is chairman and CEO of IHS, Inc. a global information and insight services company.
Feeney, the co-founder of Duty Free Shoppers and philanthropist who gave his fortune anonymously through Atlantic, has made grants totaling more than $7 billion to bring about lasting change in the lives of disadvantaged and vulnerable people around the world. Established as a limited-life foundation, Atlantic will complete its grantmaking in 2016.
Atlantic has promoted reconciliation and peace in Northern Ireland and South Africa; worked to transform the design and delivery of services for children, older adults, and people with disabilities in the Republic of Ireland and Northern Ireland; and strengthened and expanded higher education, university infrastructure, and research in both regions. In Vietnam, its funding has revamped and revitalized healthcare facilities and practices, and established world-class professional education for university-level students. In Australia, Atlantic has played a significant role in advancing research and development in information technology and biotechnology, higher education, and cancer research.
"Philanthropy in the twenty-first century transcends national boundaries, as do the most pressing needs donors seek to address," said Indiana University president Michael A. McRobbie. "Chuck Feeney has long been a visionary in giving across borders and is one of the truly great international philanthropists of our time. In fact, there are few philanthropists in the world who can rival his enormous transformational impact, which is evident around the globe."