Current:Home > ScamsShe asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with. -ProgressCapital
She asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with.
View
Date:2025-04-11 19:53:17
Last year, heiress Marlene Engelhorn presented a question to her fellow Austrians: "How should I spend my 25 million euro inheritance?" Engelhorn, who comes from a European business dynasty, said she would choose 50 strangers from different demographics to brainstorm ways for her to use her money – and now, their spending plan has been released.
Englehorn sent invitations to 10,000 randomly-selected Austrians, asking them to complete a survey. She narrowed the survey participants to 50 council members and tasked them with distributing 25 million euros — more than $27 million — to those who need it, since Austria doesn't impose taxes on wealth and inheritance.
The diverse council included people from different ages, incomes, education levels and even attitudes on wealth distribution. They were moderated by a team of eight and were also advised by academics and experts.
After meeting over six weekends, the team of 50 people, called "Guter Rat" or Good Council, decided to distribute the inheritance to 77 initiatives, including Tax Justice Network, Attac Austria, the Momentum Institute and the World Inequality Lab.
They decided to use the money to fight against poverty-related illness as well as protect women from violence. "Poor makes you sick and sick makes you poor," said council member Dietmar Feurstein, quoting from the council's deliberations.
They are donating some of Englehorn's inheritance to women's shelters, the deaf association and inclusive soccer clubs.
Another area of focus – housing, integration and education – was brought to the table by 17-year-old council member Kyrillos Gadall. They chose to donate to organizations that work to obtain affordable housing for those in need.
They also wanted to focus on migrants and refugees by supporting language and other educational courses as well as organizations that advocate for better access to health care and working conditions.
"In summary, the result is as diverse as the council itself," said project manager Alexandra Wang. "Initiatives that directly support those affected or tackle the causes of the problem were supported. Both small and large organizations were considered, as well as young initiatives and long-established organizations."
She said all the decisions had one thing in common: "They want a fairer society. They want everyone to live well together. And they want to support those who are discriminated against."
Caitlin O'KaneCaitlin O'Kane is a New York City journalist who works on the CBS News social media team as a senior manager of content and production. She writes about a variety of topics and produces "The Uplift," CBS News' streaming show that focuses on good news.
veryGood! (5721)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Pete Rose, baseball’s banned hits leader, has died at age 83
- Tyler Cameron’s Girlfriend Tate Madden Shares Peek Inside Their Romance
- Judge in Alaska sets aside critical habitat designation for threatened bearded, ringed seals
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Angelina Jolie drops FBI lawsuit over alleged Brad Pitt plane incident, reports say
- The US is sending a few thousand more troops to the Middle East to boost security
- How to help those affected by Hurricane Helene
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Colorado family sues after man dies from infection in jail in his 'blood and vomit'
Ranking
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- Sing Sing Actor JJ Velazquez Exonerated of Murder Conviction After Serving Nearly 24 Years in Prison
- Favre tries to expand his defamation lawsuit against Mississippi auditor over welfare spending
- Opinion: Child care costs widened the pay gap. Women in their 30s are taking the hit.
- Small twin
- Helene rainfall map: See rain totals around southern Appalachian Mountains
- Pete Rose dies at 83: Social media mourns MLB, Reds legend
- MLB ditching All-Star Game uniforms, players will wear team jerseys
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Biden administration doubles down on tough asylum restrictions at border
Jeep urges 194,000 plug-in hybrid SUV owners to stop charging and park outdoors due to fire risk
Ancestral land returned to Onondaga Nation in upstate New York
Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
Tyler Cameron’s Girlfriend Tate Madden Shares Peek Inside Their Romance
College football Week 5 overreactions: Georgia is playoff trouble? Jalen Milroe won Heisman?
Star Texas football player turned serial killer fights execution for murdering teenage twins