Atlanta businessman donates $1 million to anti-nuclear campaign
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Posted 2:51PM on Thursday, November 14, 2002
ATLANTA - Atlanta businessman J.B. Fuqua contributed one million dollars to the Nuclear Threat Initiative, a group started by CNN founder Ted Turner to reduce the threat from nuclear weapons. <br>
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The gift was announced Thursday by Turner and NTI co-chairman Sam Nunn, a former U.S. senator from Georgia. It follows a $2.5 million gift from investor Warren Buffett to the initiative last month. <br>
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The money comes at a critical time because the initial funding for NTI came from AOL Time Warner stock, which was trading for $50 a share at the time. It is trading around $15 a share now. <br>
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Fuqua, who served four terms in the Georgia Legislature from 1957 to 1964, is well-known for his philanthropy. In 1989, he gave four million dollars to Duke University's Fuqua School of Business to teach Russians about the free-market system.