Current:Home > ContactShe asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with. -Secure Growth Academy
She asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with.
View
Date:2025-04-24 19:28:22
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! (1218)
Related
- The White House is cracking down on overdraft fees
- Blake Lively and Ryan Reynolds donate $1 million to Hurricane Milton, Helene relief fund
- Historic ocean liner could soon become the world’s largest artificial reef
- Woman who stabbed classmate to please Slender Man files third release request
- Bodycam footage shows high
- Eminem's Pregnant Daughter Hailie Jade Reveals Sex of First Baby
- Christopher Reeve’s kids wanted to be ‘honest, raw and vulnerable’ in new documentary ‘Super/Man’
- Determination to rebuild follows Florida’s hurricanes with acceptance that storms will come again
- Tom Holland's New Venture Revealed
- Horoscopes Today, October 11, 2024
Ranking
- Meet first time Grammy nominee Charley Crockett
- Montana businessman gets 2 years in prison for role in Jan. 6, 2021, insurrection at the US Capitol
- Tennessee to launch $100M loan program to help with Hurricane Helene cleanup
- Tampa Bay Times keeps publishing despite a Milton crane collapse cutting off access to newsroom
- Military service academies see drop in reported sexual assaults after alarming surge
- US Justice Department says Virginia is illegally striking voters off the rolls in new lawsuit
- Pregnant Elle King Shares Update on Her Relationship With Dad Rob Schneider
- Tap to pay, Zelle and Venmo may not be as secure as you think, Consumer Reports warns
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
An elevator mishap at a Colorado tourist mine killed 1 and trapped 12. The cause is still unknown
Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
Climate Change Made Hurricane Milton Stronger, With Heavier Rain, Scientists Conclude
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Fossil Fuel Interests Are Working To Kill Solar in One Ohio County. The Hometown Newspaper Is Helping
Lawsuit in US targets former Salvadoran colonel in 1982 killings of Dutch journalists
Texas man drops lawsuit against women he accused of helping his wife get abortion pills