Thursday, June 14, 2012

Top Philanthropic Donors: Margaret Anne Cargill

Margaret Anne Cargill (September 24, 1920 - August 1, 2006) was an American philanthropist and heiress to part of the Cargill fortune. She gave away more than $200 million anonymously.

Cargill was born 24 September 1920, in Los Angeles, the granddaughter of W. W. Cargill, and grew up in the Midwest. She earned a degree in arts education from the University of Minnesota and moved to Southern California. She died from complications of chronic obstructive pulmonary disease on 1 August 2006 at her home in La Jolla, San Diego, California.

Philanthropy

Cargill was one of eight heirs to the Minneapolis-based grain-trading conglomerate Cargill, Forbes Magazine listed her in 2005 as the 164th richest American, with a net worth of $1.8 billion. She was a major donor to the American Red Cross, the Nature Conservancy, the Smithsonian Institution's National Museum of the American Indian and the American Swedish Institute.

She gave away more than $200 million, most of it in the period between 1990 and her death in 2006, and always anonymously.

She established the Anne Ray Charitable Trust which provides grants for charitable and educational programs and scholarships.

She provided that, after her death, the Margaret A. Cargill Foundation would use her wealth for charitable purposes.  In 2011 her assets were finally liquidated, forming a $6 billion dollar donation to the Anne Ray Charitable Trust and Margaret A Cargill Foundation.

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