Weill: Philanthropy Is About Talent and Passion -- Not Just Money

Wednesday, 13 Jun 2007 | 4:46 PM ET
Sandy Weill.
Sandy Weill.

Sandy Weill, former Citigroup chairman, told CNBC that philanthropy isn’t just about money.

In an interview with CNBC's Mary Thompson, Weill said giving is about your talent and passion. He urged others to start giving when they’re young and before they have money. He said it’s important to give of your intelligence, energy and passion.

Weill and his wife, Joan, donated $250 million to the Weill Cornell Medical College. He says the money will be used to build a new research facility in New York and to recruit 100 scientists who will focus on diabetes, obesity, cancer and problems of aging such as Alzheimer’s disease.

Sandy Weill Interview
Former Citigroup chairman & CEO Sandy Weill shares details with CNBC's Mary Thompson about his gift to Weill Cornell Medical College and touches on reports that Citigroup might be breaking apart

The reward is working with “really bright people” and showing those in need that “they’ll have a good chance to have a better life.”

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