Tuesday, February 28, 2006

One Of Thy Hands Doth Wash The Other (from MySpace)

Current mood: unsurprised

Category: News and Politics

February 24, 2006
Billionaire Gives a Big Gift but Still Gets to Invest It

Boone Pickens, the often controversial and always colorful Texas oilman turned investor, took advantage of a temporary tax break to make a gift that propelled him into the ranks of the nation's top philanthropists last year.

But what Mr. Pickens gave away with one hand he continues to control with the other.

At the end of the year, he gave $165 million to a tiny charity set up to benefit the golf program at Oklahoma State University, reaping Mr. Pickens a tax deduction. Records show that the money spent less than an hour on Dec. 30 in the account of the university's charity, O.S.U. Cowboy Golf Inc., before it was invested in a hedge fund controlled by Mr. Pickens, BP Capital Management.

"It's all his money, and he's on the investment committee" of Cowboy Golf, said Mike Holder, the university's athletic director and former golf coach, who is on the board. "If a person's making a gift of that size, he can stipulate what he wants it invested in."

I have many versions of the Bible, and I've checked them all: King James, NIV, American Standard, Revised English, Jerusalem, Good News and The Living Bible, among others.

I'm looking at the various translations of the following verse:

(Matt. 6: 3) But when thou doest alms, let not thy left hand know what thy right hand doeth:

Nowhere can I find it translated as "always let thy left hand know what thy right hand doeth".

But Pickens got the rest of it right. He followed Matthew's advice about giving in such a manner that no one will be the wiser - so that your giving may be in secret.

There are so many versions of the Good Book. Maybe there's a Texas Oilman's Bible?