The Chronicle of Philanthropy

An Oil Tycoon Places Unusual Conditions on $100-Million Donation to Texas Institutions

T. Boone Pickens, the oil billionaire who has courted controversy when both making money and giving it away, has given $50-million apiece to two Texas medical institutions, gifts that come with an unusual string attached. The money must be invested so it grows by at least 10 times, and the institutions cannot...

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