Foundation Friday: Slim Pickens

Regular commenter Gene Finley writes,

I¹m a little shocked you haven¹t commented on T. Boone Pickens¹ recent
contributions.   He made two $50 million contributions that cannot be spent
until they are ten times their original size. That¹s 25 to 30 years most
likely.

You and I don¹t generally agree about endowment in perpetuity but in this
case I find it a little absurd that a gift this large has such a
restriction.  It¹s just such a pitiful attempt at immortality.

There’s hardly anything to say when someone makes this clear that he’s not really generous–he just plays a generous person on tv.  I’d be grateful to hear from anyone who has a defense to make of this piling up of assets.

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