Benefactor becomes a messenger for change
Allen Hancock was a 22-year-old grad student when a substantial amount of money fell in his lap. He quickly realized it could allow him to coast for the rest of his life.
Mr. Hancock could have easily opted for a life of leisure, churning through his late grandfather's bequest. Instead, he says he was consumed with the idea that he had to do something important with his wealth.
"[It] made me ask some big questions," he says. "What do I really want to do with my life?"
Today, Hancock is the publisher of More than Money, a quarterly journal published in Eugene, Ore. that emphasizes the exploration of the personal, political, and spiritual impact of wealth.
In the past year he's pledged some $100,000 to the magazine. He also donates to several small environmental and "social-change" projects.
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