Austrian Heiress Redistributes €25 Million to Social and Environmental Causes
Marlene Engelhorn entrusts citizen panel to allocate her inheritance to 77 organizations advocating for justice and sustainability.
- Engelhorn criticizes Austria's lack of wealth and inheritance taxes, advocating for systemic change.
- The 50-member citizen panel included Austrians from diverse backgrounds, aged 16 to 85.
- Funds support projects in affordable housing, climate action, health care, and social equality.
- Major beneficiaries include Momentum Institute, Attac Austria, and Naturschutzbund Österreich.
- Engelhorn retains a portion of her wealth but emphasizes the need for political action to address inequality.