27 Ga. J. Int'l & Comp. L. 425 (1998-1999)
A Billion Dollar Donation: Should the United Nations Look a Gift Horse in the Mouth

handle is hein.journals/gjicl27 and id is 433 raw text is: A BILLION DOLLAR DONATION: SHOULD THE UNITED NATIONS LOOK
A GIFr HORSE IN THE MOUTH?
Stacy Williams*
I. INTRODUCTION
In an era of shrinking government budgets and a rapidly changing global
economy, the private sector is surpassing the public sector in re-shaping the
world.' Wealthy individuals are attempting to solve global problems by
funding humanitarian projects, investing in developing countries, and
donating funds to international organizations. The world is moving into an
age of private diplomacy, where private citizens are using their wealth to
change and influence international affairs.
In September 1997, Ted Turner, the founder of the Cable News Network
and Vice Chairman of Time Warner Incorporated, began to conduct his own
private diplomacy when he announced plans to donate one billion dollars in
Time Warner stock to various United Nations (hereinafter U.N. or the
Organization) causes.2 Turner's pledge came as a response to the financial
crisis of the U.N. and the United States government's failure to pay its
membership dues to the U.N.3 This billion dollar gift will be funded in
$100 million installments over the next ten years.4 This grant is the largest
gift the U.N. has ever received from a private source,5 and it may serve as
a precedent which the U.N. can draw upon to attract more private sector
funds.
This note will first explore the logistics of Turner's donation to the U.N.
It will then examine the events which spawned Turner's donation-the
* J.D. 1999, University of Georgia School of Law.
'See Bob Deans, Dollar Diplomacy: A New Twist in Using Enormous Private Wealth
to Reshape the World, THE ATLANTA JOURNAL-CONSTITUTION, Sept. 28, 1997, at Dl, D4.
2 See The United Nations Foundation, (visited Feb. 2, 1999) <http://www.soros.org/un/
unf.htm>.
3 See Ted Turner's $ 1 Billion Offer Lauded by U.N., Supernews (visited Oct. 12, 1997)
<http://headlines.supernews.conVart....robto-story-b/businessturner.html>.
4 See The United Nations Foundation, supra note 2.
5 See Barbara Crossette, UN Gives Its First Big Grants From Ted Turner Gift, THE NEW
YORK TIMES, May 20, 1998 (visited Feb. 2, 1999) <http://www.globalpolicy.org/finance/docs/
turner.htm>.

What Is HeinOnline?

With comprehensive coverage of government documents and more than 2,400 journals from inception on hundreds of subjects such as political science, criminal justice, and human rights, HeinOnline is an affordable option for colleges and universities. Documents have the authority of print combined with the accessibility of a user-friendly and powerful database.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline with pricing starting as low as $29.95

Already a HeinOnline Subscriber?