Houston billionaires giving away 95% of their wealth! Here's all about Rich and Nancy Kinder's donations
Houston billionaires Nancy and Rich Kinder have announced plans to give away most of their wealth in donations to local causes, which include parks, education and arts. The Texas couple plans to give away 95 per cent of their fortune, which would come up to over $10 billion.
Houston billionaires to donate over $10 billion
The billionaire couple’s decision comes as the Kinder Foundation announced plans for an $18.5 million expansion of Emancipation Park, which is located in the centre of Third Ward.
However, the Kinders decided to go much further and chose to donate 95 per cent of their fortune to charity through their foundation.
Investment in city parks, arts
Although other major donors focused on projects across the world, the Kinders chose to contribute to local issues.
Their biggest donation, $150 million, is for a new hospital to treat childhood cancer and is a joint effort between Texas Children’s and MD Anderson, the report said. Altogether, the Kinders have contributed more than $900 million to causes and organisations across southeast Texas.
Wonderful, I have some ideas also to share