Recently I have been writing about billionaires, business leaders, and entrepreneurs.
And when I do, I get lots of comments from readers asking for more stories on people who aren't just wealthy but also are charitable members of the community.
So today, I wanted to take a quick look at one Austin couple trying to make a difference in educational opportunities and reduce poverty.
The Austin couple giving away billions
Michael Dell is a name that most people in Austin are familiar with. Dell has a net worth of $53.2 billion, making him the 24th richest person globally.
Long before many tech companies moved to Austin, Dell established his company Dell Computers in Austin back in 1984 while still studying at the University of Texas. He grossed over $80,000 in sales in his freshman year, and a business was born.
Dell Technologies is a global giant, and this has allowed Michael Dell to focus heavily on philanthropy. Together with his wife Susan, he created the Michael & Susan Dell Foundation in 1999.
The foundation has given out $2.25 billion, focusing heavily on children living in urban poverty in the U.S., India, and South Africa. The foundation makes impact investments as well as charitable donations.
Each year the foundation creates opportunities for more than 5 million low-income students globally to attend high-quality schools.
Many of their funds are to organizations in Central Texas, and there are 57 current projects in this region. Dell has also donated $100 million to projects at the University of Texas.
Last year in November 2021, Dell announced a $38 million pledge to address homelessness in Austin. These funds will be used to build 1,400 RVs, and micro houses for individuals coming out of chronic homelessness at a 51-acre Mobile Loaves & Fishes planned community.
"As Austin grows, it’s more important than ever that we care for those most vulnerable in our communities. By coming together as a community, we can provide those experiencing homelessness in Central Texas with the dignity they deserve through stable housing and the opportunity to experience community again." Susan Dell
According to Forbes, Michael and Susan Dell are in the top 20 most charitable philanthropists in the United States.
Readers, what do you think of Michael and Susan Dell? What other projects could they donate to in Austin or Central Texas?
Please leave your comments below.