Engelhorn is descended from industrialist Friedrich Engelhorn, who founded the chemical company BASF. She has been openly critical of the way she earned her wealth for years. According to her, it is “contrary to every democratic principle” that she gained influence simply by being born into a wealthy family.
Do good for the country
So she decided last January to give away most of her inherited wealth, under the guise of “if the state won’t do it, I will do it.” The former millionaire has now gathered 50 people, representing Austrian society, to think together about the best use of money.
The mission was that the money should do something good for the country, reduce inequality in society, and provide more opportunities for people from disadvantaged backgrounds.
As a result, 77 charities received money from Engelhorn. These include an initiative to disseminate information about climate change, a foundation that provides assistance to the homeless, an organization focused on affordable housing, women's shelters, and an educational foundation.
Engelhorn says she is “infinitely grateful” for the work of 50. She believes they are role models for politicians, because through good conversations and discussions on, among other things, social justice and inequality, they were able to decide which organizations should receive funds. How much will go to which organization?
