MacArthur Foundation

The John D. and Catherine T. MacArthur Foundation is a private foundation (John D. MacArthur) that makes grants and impact investments to support non-profit organizations in approximately 117 countries around the world. It has an endowment of $7.6 billion and provides approximately $260 million annually in grants and impact investments.[5][6][7] It is based in Chicago, and in 2014 it was the 12th-largest private foundation in the United States.[8] It has awarded more than US$8.27 billion since its first grants in 1978. https://en.wikipedia.org/wiki/MacArthur_Foundation

John D. MacArthur was the 3rd-richest person in the USA, making his money in insurance and Florida real estate. Surviving the Depression, Kriplen writes, was likely due to John MacArthur's penchant for scamming customers, vendors and investigators. He routinely discarded claims ("Heck, if someone really had a claim, he figured he would hear from him again") and misaddressed checks to keep money in the company coffers a bit longer.


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