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Who Received Florence Foster Jenkins' Inheritance?

Paul RyanVerified
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Summary：Florence Foster Jenkins left her $4.5 million fortune to various charities, including the New York Philharmonic and the Metropolitan Museum of Art.

Who Received Florence Foster Jenkins' Inheritance?

Florence Foster Jenkins was a wealthy socialite and amateur soprano who gained notoriety for her terrible singing voice. She passed away in 1944, leaving behind a fortune of around $4.5 million. But who received herinheritance?

As Jenkins was childless and had no living relatives, her estate was left to various charities. The largest beneficiaries of her will were the New York Philharmonic and the Metropolitan Museum of Art, each receiving $50,000. Other organizations that received a portion of her estate included the American Red Cross, the Salvation Army, and the New York Society for the Prevention of Cruelty to Animals.

Jenkins' will also included provisions for her staff, including her longtime accompanist Cosmé McMoon, who received $150 a month for life. Her maid, Agnes Stark, received $50 a month for life, as well as a bequest of $5,000.

Investing In Charitable Organizations

Jenkins' decision to leave her fortune tocharitable organizationsis not uncommon among wealthy individuals. In fact, many investors choose to support causes they care about through charitable giving.

One way to invest in charitable organizations is through donor-advised funds (DAFs). DAFs allow investors to make a tax-deductible donation to a fund, which can then be distributed to various charities over time. This strategy allows investors to maximize their charitable giving while also receiving tax benefits.

Another option for investing in charitable organizations is throughimpact investing. Impact investing involves making investments in companies or organizations that are working to create positive social or environmental outcomes. By investing in these types of organizations, investors can support causes they care about while also potentially earning a return on their investment.

Investing in charitable organizations can be a rewarding way to support causes that align with your values. By taking a strategic approach to charitable giving, investors can make a meaningful impact while also potentially benefiting from tax deductions or investment returns.

Conclusion

Florence Foster Jenkins' decision to leave her fortune to charitable organizations is a testament to the power of philanthropy. By supporting causes she cared about, Jenkins was able to leave a lasting impact on the world. For investors looking to invest in charitable organizations, options like donor-advised funds and impact investing can offer a way to make a difference while also potentially earning a return on their investment.

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Florence Foster Jenkinsinheritancecharitable organizationsdonor-advised fundsimpact investing
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