What Should You Do with an Oil Fortune?

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What Should You Do with an Oil Fortune?
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How does a person with extreme privilege live responsibly? Leah Hunt-Hendrix, a granddaughter to an oil tycoon, attempts to answer this question as she spends millions of dollars to fund leftist groups and politicians.

spurred a congressional bloc calling for a Green New Deal. Solidaire now distributes tens of millions of dollars a year to activist groups.

After grad school, Hunt-Hendrix spent a few years in San Francisco, trying to make inroads among the new-money entrepreneurs of Silicon Valley. She had some success—she grew close to the founder of a well-known tech company, and his wife became an active member of Solidaire—but less than she’d hoped. Many people in the Bay Area were influenced by, an ethos that purports to reinvent philanthropy from first principles, but which struck Hunt-Hendrix as glib and ahistorical.

Hunt-Hendrix is quick to acknowledge these tensions, even if she doesn’t know how to resolve them. “Ideally, social movements would not depend on philanthropy,” she said. “But, because the labor movement has been so undermined, this is the situation we’re in.” The standard funder-grantee relationship can feel transactional: the foundation sets a goal and subcontracts with a nonprofit to meet it, and to provide quantifiable proof of effectiveness along the way.

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