Margaret Anne Cargill Explained

Margaret Anne Cargill
Birth Date:24 September 1920
Birth Place:Los Angeles, California, US
Death Place:La Jolla, California, US
Education:University of Minnesota
Occupation:Philanthropist
Parents:Austen Cargill and Anne Ray Cargill
Relatives:W. W. Cargill (grandfather)

Margaret Anne Cargill (September 24, 1920 – August 1, 2006) was an American philanthropist and heiress to part of the Cargill fortune.

Biography

Early life

Margaret Anne Cargill was born September 24, 1920, in Los Angeles, the daughter of Austen Cargill and granddaughter of W. W. Cargill.[1] She grew up in the Midwest. She earned a degree in arts education from the University of Minnesota and moved to Southern California.[2]

Philanthropy

She became 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.[1] [2] She was a major donor to the American Red Cross, the Nature Conservancy, the Smithsonian Institution's National Museum of the American Indian[3] and the American Swedish Institute. She gave away more than $200 million, always anonymously.[3]

She established the Anne Ray Charitable Trust[4] which provides grants for charitable and educational programs[5] and scholarships.[6]

She provided that, after her death, the Margaret A. Cargill Philanthropies would use her wealth for charitable purposes. The combined assets (Margaret A. Cargill Foundation and Anne Ray Foundation) place the foundation among the top ten foundations in the United States with assets in excess of USD 9.2 billion.[7] [8] [9] [10] [11]

Death

She died from complications of chronic obstructive pulmonary disease on August 1, 2006, at her home in La Jolla, San Diego, California.[3]

See also

Notes and References

  1. Dolan. Kerry A.. Kroll. Luisa. Forbes 400; #164 Mary Anne Cargill. Forbes. 2014-09-29. 2015-01-01. Forbes.
  2. News: Margaret Anne Cargill, 85; San Diego Billionaire and Philanthropist. 2015-01-01. 2006–08–03. Los Angeles Times. 2006-08-03.
  3. News: Sullivan. Patricia. Margaret Anne Cargill, 85; Anonymous Philanthropist. 2015-01-01. 2006–08–04. Washington Post. 2006-08-04.
  4. Web site: Anne Ray Charitable Trust. MAC Philanthropies. Margaret A. Cargill Philanthropies. 2015-01-01. https://archive.today/20150101025440/http://macphilanthropies.org/anne-ray/. 2015-01-01. dead.
  5. Web site: Appalachian Sound Archives Fellowship Program. Hutchins Library. Berea College. 2015-01-01.
  6. Web site: Anne Ray Fellowship. School for Advanced Research (SAR). SAR. 2015-01-01.
  7. Web site: The Margaret A. Cargill Foundation. MELDI; Multicultural Environmental Leadership Development Initiative. University of Michigan. 2015-01-01. dead. https://web.archive.org/web/20140508142701/http://meldi.snre.umich.edu/node/23215. 2014-05-08.
  8. Web site: Financials . 2023-04-06 . Margaret A. Cargill Philanthropies . en-US.
  9. News: Beal. Dave. 'Silent philanthropist' Margaret Cargill's new foundation suddenly surfaces as Minnesota's largest. 2015-01-01. 2010–03–10. MinnPost. 2010-03-10.
  10. Web site: Our History. Margaret A. Cargill Philanthropies.
  11. News: Chaudhuri. Saabira. Philanthropy 50: America's 10 most generous benefactors. 2015-01-01. 2012–02–07. The Guardian. 2012-02-07.