Edison Thought His Money Did More Good by Funding Inventions than by Funding Philanthropy

(p. 263) When asked in 1911 to donate to a building drive for a YMCA in Port Huron, a boyhood home, Edison responded with a small pledge and provided an explanation of why he would not provide more: “I can use surplus money to greater advantage for all the people in conducting experiments.”

Source:
Stross, Randall E. The Wizard of Menlo Park: How Thomas Alva Edison Invented the Modern World. New York: Crown Publishers, 2007.

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