So far, he has become a philanthropist with the UCLA medical school named after him since he does not believe in giving anonymously. He has also donated to the arts and AIDS research. Now that he is 70 and has retired, he can look back on an incredible career in the record industry, movies, and theater. Although he was once considered "the most powerful man in Hollywood," he has no desire to leave a legacy. Instead, he will continue enjoying his life in Hollywood, Wall Street, and Silicon Valley, and give all his money away.
Geffen also said he did not join the "Giving Pledge" of Bill Gates and Warren Buffet for billionaires who promised to give away half of their assets to charity during their lifetimes because he said, "I don't believe in it. It's grandstanding: You're just saying you're going to do it. There's no legal obligation. I know more than one member of the club who told me, 'Well, you're not actually required to give anything away, but you look good.' "