Current:Home > InvestShe asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with. -StockSource
She asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with.
View
Date:2025-04-16 11:21:09
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! (4719)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- Tamera Mowry-Housley Pays Tribute to Late Niece Alaina Who Died in 2018 Mass Shooting
- A pickup truck crash may be more dangerous for backseat riders, new tests show
- Effort to remove Michigan GOP chair builds momentum as infighting and debt plague party
- 2025 'Doomsday Clock': This is how close we are to self
- Travis Kelce’s Plans to Cheer on Taylor Swift at Argentina Eras Tour Revealed
- Michigan couple back from Gaza, recall fear and desperation of being trapped amid war
- Sarah Paulson and Holland Taylor's Sweet Comments About Each Other Will Warm Your Heart
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- North Greenland ice shelves have lost 35% of their volume, with dramatic consequences for sea level rise, study says
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- US launches airstrike on site in Syria in response to attacks by Iranian-backed militias
- Michigan RB Blake Corum: 'I don't have any businesses with Connor (Stalions)'
- Oklahoma board recommends the governor spare the life of a death row inmate who argued self-defense
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- GM recalls nearly 1,000 Cruise AVs across nation after robotaxi dragged pedestrian
- FDA investigating reports of hospitalizations after fake Ozempic
- FDA approves Zepbound, a new obesity drug that will take on Wegovy
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Author Luis Mateo Díez wins Cervantes Prize, the Spanish-speaking world's top literary honor
Virginia Democrats sweep legislative elections, delivering a blow Gov. Glenn Youngkin's plan for a GOP trifecta
Negotiations over proposed regulations for deep-sea mining plod along as pressure mounts
Rylee Arnold Shares a Long
NBA mock draft 2.0: G League Ignite sensation Ron Holland projected No. 1 pick for 2024
Vatican says it’s permissible for transgender Catholics to be baptized
When is Aaron Rodgers coming back? Jets QB's injury updates, return timeline for 2023