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‘I see this money as not mine’: the people giving away fortunes from slavery and fossil fuels


Link [2022-06-05 15:20:11]



What would you do if your inherited wealth was built on slavery, fossil fuels or came at the price of neglect? Meet the guilty rich who want nothing to do with their money

Morgan Curtis’s life story is the American Dream in reverse. Her great, great, great grandfather was a banker in early 1800s New York – he invested in railroads, while his brother invested in Central American mines. The family wealth grew as it passed through the generations, and Curtis’s father added to the pile as a management consultant for “major” firms. Naturally, Curtis had a gilded childhood: educated in west London private schools; going on annual Swiss ski holidays; her own pony. But today, Curtis, now 30, lives on a farm in California with 40 other people. She lives on $25,000 (£20,000) a year.

Curtis did not make bad investments, or lose the family money in Las Vegas. She has chosen to give up 100% of her inheritance and 50% of the income she earns as a coach, “redistributing” it to grassroots social movements, Black liberation organisations, indigenous land projects and climate justice groups. She has even created a publicly accessible, colour-coded spreadsheet listing her annual donations.

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2024-09-19 19:11:19