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October 27, 2015

Atlantic Philanthropies Will Donate Archives and $4 Million to Cornell University

Atlantic Philanthropies will donate its archives to Cornell University, The Cornell Daily Sun reports.

The records document the philanthropy's roughly $8 billion in grants distributed over more than three decades. The gift also includes a $4-million grant to Cornell’s Division of Rare and Manuscript Collections, part of its library.

The foundation's founder, Chuck Feeney made his wealth through the Duty Free Shopping Group. He is a 1956 graduate of Cornell’s School of Hotel Administration and since 1982 has given a total of nearly $1 billion to his alma mater.

The foundation plans to sunset by 2016.