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You are here: Home / American Philanthropy / America’s Newest Mega Grant Maker

America’s Newest Mega Grant Maker

January 23, 2011 By eJP

from Chronicle of Philanthropy:

With an Expected $9-Billion Windfall, the Cargill Philanthropies Could Become America’s Third Largest Grant Maker

Three philanthropies created by Margaret A. Cargill, an heir to the Cargill Corporation who died in 2006, are poised to become, collectively, the third-wealthiest grant maker in the United States.

The infusion of money – which could total roughly $9-billion – would come as part of a deal that is expected to enable the philanthropies to convert illiquid shares in the private Cargill Corporation, left to them by Ms. Cargill, into shares in Mosaic, a public company owned largely by Cargill, an international agricultural, food, and financial company.

…The Margaret A. Cargill Foundation has a broad mandate. It will eventually support many causes: animal welfare; arts and culture; care for the elderly; children and families; the environment; and relief, recovery, and development. Its grant making in arts and culture, the environment, and relief and development is scheduled to begin this year.

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Filed Under: American Philanthropy, In the Media

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Reader Interactions

Comments

  1. Ariel Beery says

    January 24, 2011 at 2:48 pm

    I know this is an insensitive question to ask, but is there a Jewish connection here?

  2. Dan Brown says

    January 24, 2011 at 2:56 pm

    I honestly don’t know. Though certainly some of the areas the foundation funds are of particular interest to the Jewish community: including (but not limited to) care for the elderly and the environment.

  3. karen sallerson says

    January 24, 2011 at 7:40 pm

    As someone who lived and worked in Minneapolis,MN where Cargill HQ is based, I know there is no Jewish connection; however, I would guess that the company does business in Israel.

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