Home Depot co-founder -known for veteran charity work- set a deadline for giving his wealth away
November 7, 2024
Dr. Woody Morgan, attending physician in Shepherd Centers Comprehensive Rehabilitation Unit, looks at pictures of former military patients at Shepherd Center in Atlanta. Bernie Marcus has donated to the center. Arvin Temkar/AJC file
Matt Kempner
The Atlanta Journal-Constitution
(TNS)
Long before he was a billionaire, Bernie Marcus’ immigrant mother stressed to her young American-born son how important it was to help others in need.
The man who would go on to co-found Atlanta-based Home Depot said he never forgot the lesson. And later in life he made a commitment: He would give away virtually all his wealth.
He also set a deadline for how to handle whatever he didn’t manage to donate before his death. His Marcus Foundation would get about 90% of however many billions of dollars remained. The board members — including Billi, his wife of 50 years, and two sons — would have 20 years to give it all away.
The clock is now ticking.
Marcus died Monday at his Boca Raton home. He was 95. His funeral in Atlanta is Thursday afternoon.
https://popularmilitary.com/home-depot-co-founder-known-for-veteran-charity-work-set-a-deadline-for-giving-his-wealth-away/
