Current:Home > ScamsShe asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with. -Prosperity Pathways
She asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with.
View
Date:2025-04-18 11:06:52
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! (337)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Why Beauty Babes Everywhere Love Millie Bobby Brown's Florence by Mills Pimple Patches
- New York is sending the National Guard into NYC subways to help fight crime
- Steely Dan keyboardist Jim Beard dies at 63 after sudden illness
- Trump invites nearly all federal workers to quit now, get paid through September
- Lawyer who crashed snowmobile into Black Hawk helicopter is suing for $9.5 million
- Which streamer will target password sharing next? The former HBO Max looks ready to make its play
- Evidence of traumatic brain injury in shooter who killed 18 in deadliest shooting in Maine history
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Photos of male humpback whales copulating gives scientists peek into species' private sex life
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- 75-year-old Phoenix man arrested in 42-year-old Kansas killing
- Inter Miami vs. Nashville in Champions Cup: How to watch, game predictions and more
- To revive stale US sales, candy companies pitch gum as a stress reliever and concentration aid
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Hoda Kotb Shares Daughter Hope Is Braver Than She Imagined After Medical Scare
- Activists and members of Serbia’s LGBTQ+ community protest reported police harassment
- Iowa's Caitlin Clark becomes first female athlete to have exclusive deal with Panini
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Florida sheriff apologizes for posting photo of dead body believed to be Madeline Soto: Reports
Millie Bobby Brown Goes Makeup-Free and Wears Pimple Patch During Latest Appearance
Teen killed, 4 injured in shooting at Philadelphia city bus stop; suspects at large
This was the average Social Security benefit in 2004, and here's what it is now
White House, Justice Department unveil new plan to protect personal data from China and Russia
Jury picked in trial of 2nd parent charged in Michigan school shooting
The Daily Money: A landmark discrimination case revisited