After a pause in the wake of the scheme, they resumed their giving by launching a new foundation. Some Foundation now ranks among the nation’s top 24 largest grant-making foundations by assets, with programs focused on poverty, medical research, and the environment.
May has been one of the foundation’s key partners.
Education
After the scheme collapsed, the widow stopped making big grants from her Foundation. But after a brief hiatus, she is again one of the top philanthropists in the country and heads a new grant-making group with two billion dollars of assets.
The Foundation is a tax-exempt organization that supports nonprofits that promote justice, equality, human dignity, and tolerance. The foundation focuses on three key areas: education, health and biomedical research. They also committed to supporting hub organizations with a network of other grantees that complement and sustain their work.
The Foundation looks very similar to the previous work, with some of the same people and interests (including cutting-edge brain research, which was supported because of his Parkinson’s disease). But it now also includes program areas in poverty and the environment and those focused on educational issues and medical research.
Health
As one of the top healthcare philanthropists, such as Barbara Picower, in the country, it has been involved in some very high-profile grants. It also has supported medical research into Parkinson’s disease. It has also been given to the Institute, which studies neuroscience and brain disorders, including autism.
When the scandal broke over the scheme, many people were surprised that some were among the biggest winners. But why?
It resumed philanthropic activities in 2011 with Foundation, which was established with what remains of her estate after she agreed to forfeit billion to help reimburse victims. It carries on her husband’s giving legacy with program areas in Poverty, Environment and Medical Research.
The new foundation looks like the old one, with her family and friends sitting on its board. It has a similar focus on educational and cutting-edge medical research, but it has added poverty and the environment to its list of programs.
Environment
Their net worth may be down, but her philanthropy is still strong. For example, the husband died, and the last will he signed called for him to leave her two hundred million and most of his estate to a new tax-exempt foundation.
The Foundation, founded in 2011, is one of the largest grant-making foundations. Its successor to the family philanthropy ran, which closed in 2009 following, carries on its legacy in poverty, medical research and the environment.
The Foundation has awarded a hundred million in its first two years of operation, focusing on organizations that address root causes of problems like homelessness. The foundation’s strategy involves surrounding “hub” organizations with nonprofits whose work is complementary. This amplifies their impact and facilitates collaborative action to solve social problems. It’s a model that other funders can replicate.
Human Rights
When it comes to philanthropy, few people know more about the inner workings of a foundation. It kept its enormous wealth and massive philanthropic activities a secret from outsiders.
While the original Foundation lost million on the eve of the scheme, it has resumed making big bets through the new Foundation. The foundation carries on the giving legacy with programs in medical research, poverty, and the environment.
One big project is a multimillion-dollar grant supporting neuroscience and brain disorders like Parkinson’s. The foundation also gives $200,000 annually for diabetes and metabolism research by forming consortiums of scientists who agree to work together on projects.