Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Sydney Lake

After donating $8 billion, Steve and Connie Ballmer create three regional philanthropies so people closest to the work can decide how the money is spent

Photo of Steve and Connie Ballmer (Credit: Getty Images—Rodin Eckenroth/FilmMagic)

Steve and Connie Ballmer have given away more than $8 billion during the past two decades, and founded the Ballmer Group in 2015. Now they’re changing who gets to decide where the next donations go.

The couple’s economic-mobility philanthropy, Ballmer Group, is spinning its three regional offices into separate, independent nonprofits for their regional grantmaking. The organizations, including MoveUp Southeast Michigan, MoveUp LA, and MoveUp Washington, will operate on their own but stay funded by the Ballmers. Steve was the CEO of Microsoft from 2000 to 2014 and has an estimated net worth of $177 billion, making him the ninth-richest man in the world, according to the Bloomberg Billionaires Index.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.