{"id":2374190,"date":"2024-11-28T12:33:02","date_gmt":"2024-11-28T17:33:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fate-of-home-depot-co-founders-10-billion-fortune-set-just-before-his-death\/"},"modified":"2024-11-28T12:34:33","modified_gmt":"2024-11-28T17:34:33","slug":"fate-of-home-depot-co-founders-10-billion-fortune-set-just-before-his-death","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fate-of-home-depot-co-founders-10-billion-fortune-set-just-before-his-death\/","title":{"rendered":"Fate of Home Depot Co-Founder\u2019s $10 Billion Fortune Set Just Before His Death"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffate-of-home-depot-co-founders-10-billion-fortune-set-just-before-his-death%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2374190&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Shortly before his passing, Bernie Marcus, the co-founder of Home Depot, established a\u2062 plan for\u200d his substantial $10 billion fortune, \u2063ensuring it \u2062would be primarily dedicated to charitable causes. Marcus, who died at the age of 95, left instructions for the Marcus Foundation to distribute roughly 90% of his wealth within 20 years. This commitment\u200b aligns with his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/man-who-spent-14k-to-become-collie-goes-for-first-walk-in-public\/\" title=\"Man who spent k to transform into a collie takes first public stroll.\">long-standing desire<\/a> to positively impact American society through philanthropy,\u200c concentrating on\u2062 areas such as\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ice-bucket-challenge-activist-dies-age-37\/\" title=\"Ice Bucket Challenge Activist Dies Age 37\">medical research<\/a>,\u2063 youth \u2062development, community support, veterans, and \u2064Jewish causes.\u2062 The foundation\u2062 has already donated $2.7 billion over its 35 years, but it now faces the challenge of accelerating its giving \u200bpace to fulfill Marcus&#8217;s directives. Key foundation members acknowledge the need for strategic and wise allocation of funds to successfully honor Marcus&#8217;s vision.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>Shortly before the death of a Home Depot co-founder, he stipulated the fate of his massive fortune &mdash; and a deadline for his will to be executed.<\/p>\n<p>Bernie Marcus, co-founder of the <a href=\"https:\/\/www.westernjournal.com\/home-depot-hammered-response-fox-news-nail-coffin-story\/\" target=\"_blank\" rel=\"noopener\">home improvement giant<\/a>, died at 95 on Nov. 4 in his Florida home, according to the <a href=\"https:\/\/www.ajc.com\/news\/marcus-foundation-to-speed-up-charitable-giving-after-benefactors-death\/2ELV6DXRHVC3PAZB62TFT5U3S4\/\" target=\"_blank\" rel=\"noopener\">Atlanta Journal-Constitution<\/a>.<\/p>\n<p>Shortly before his death, however, Marcus set the fate of his massive $10 billion fortune. Unlike leftist elites, it seems Marcus&rsquo; wealth will be put to work bettering American society.<\/p>\n<p>Marcus decided that the vast majority of his estate should be given away to <a href=\"https:\/\/www.westernjournal.com\/harry-meghans-charity-falls-apart-banned-raising-funds-money-problems-delinquency\/\" target=\"_blank\" rel=\"noopener\">charity<\/a>.<\/p>\n<p>The commitment is one he held for many years preceding his death, but his most recent adjustment set a time limit to the gifting of his wealth.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} \t\t<\/script> <\/p>\n<p>According to the Atlanta Journal-Constitution, the Marcus Foundation was tasked with donating roughly 90 percent of the wealth remaining after the Home Depot co-founder&rsquo;s <a href=\"https:\/\/www.westernjournal.com\/seattle-woman-accused-hacking-father-death-election-night-argument\/\" target=\"_blank\" rel=\"noopener\">death<\/a>.<\/p>\n<p>Board members of the foundation, including Marcus&rsquo; wife Billi and his two sons, have been given only 20 years to donate the fortune.<\/p>\n<p>In the foundation&rsquo;s 35 years of existence, it has so far given away some $2.7 billion.<\/p>\n<p>Marcus&rsquo; updated stipulation means the foundation must now rapidly increase its rate of giving if it hopes to meet the two-decade deadline.<\/p>\n<p>Jay Kaiman, the Marcus Foundation&rsquo;s president, said decision makers within the organization now &ldquo;have to work very hard and be very wise&rdquo; to see the money applied effectively.<\/p>\n<p>&ldquo;It can&rsquo;t just be done writing checks,&rdquo; Kaiman told AJC, &ldquo;and it has to be done in an entrepreneurial way.&rdquo;<\/p>\n<p>Marcus largely focused on several categories to donate his wealth towards.<\/p>\n<p>These <a href=\"https:\/\/amzn.to\/3YuVZYV\">areas include medical research<\/a>, youth development, community support, veterans and Jewish causes.<\/p>\n<p>Marcus and his wife also built buildings for public enjoyment, including the sprawling Georgia Aquarium.<\/p>\n<p>Thankfully, it seems progressive politicians and other liberal causes will not be able to claim a chunk of Marcus&rsquo; wealth.<\/p>\n<p>While the direction of Marcus&rsquo; fortune is now in the hands of his foundation&rsquo;s board members, it appears they are more than willing to carry out their late benefactor&rsquo;s wishes.<\/p>\n<p>At the time of Marcus&rsquo; death his net worth was estimated to be $10.3 billion.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<div class=\"insticator-ads additional\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just before his passing, a co-founder of Home Depot outlined how his substantial fortune should be distributed and set a deadline for executing his will. Bernie Marcus, who co-founded the home improvement company, passed away at 95 on November 4 in Florida, as reported by the Atlanta Journal-Constitution. Prior to his death, he determined that most of his $10 billion estate would be donated to charity. Unlike some wealthy elites with leftist views, Marcus intended for his wealth to benefit American society. He mandated that approximately 90% of his remaining assets be given away through the Marcus Foundation within 20 years after his death. The foundation has previously donated around $2.7 billion over its 35-year history but now faces pressure to accelerate its giving rate to meet this new timeline. Jay Kaiman, president of the foundation, emphasized the need for strategic and effective use of funds rather than simply writing checks. Marcus focused on areas such as medical research, youth development, community support, veterans&#8217; issues, and Jewish causes while also contributing to public projects like the Georgia Aquarium. Fortunately for those with progressive agendas, it appears that they will not benefit from Marcus&#8217;s wealth; instead, board members are committed to fulfilling their late benefactor&#8217;s wishes. At the time of his death, Marcus&#8217;s net worth was estimated at $10.3 billion<\/p>\n","protected":false},"author":1,"featured_media":2374191,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/11\/Bernie-Marcus.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[33371,4684,6499,15508,38114],"class_list":["post-2374190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-business-news","tag-co-founder","tag-death","tag-fortune","tag-home-depot"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/11\/Bernie-Marcus.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2374190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2374190"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2374190\/revisions"}],"predecessor-version":[{"id":2374194,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2374190\/revisions\/2374194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2374191"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2374190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2374190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2374190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}