This Day in Georgia History
September 19, 1997
Turner Donated $1 Billion to U.N. Charities
Atlanta’s Ted Turner announced a $1 billion donation to United Nations’ charities - reportedly the largest philanthropic contribution by a single individual in world history. Prohibited from donating directly to the U.N., Turner indicated he would transfer $100 million in his Time-Warner stock each year for ten years for use by U.N.-supported charities. Turner further called on other wealthy individuals to also step forward to assist the U.N.