After donating $8 billion, Steve and Connie Ballmer create three regional philanthropies so people closest to the work can decide how the money is spent. Sydney Lake Updated Tue, August 11, 2026 at 8:31 AM PDT Steve and Connie Ballmer have given away more than $8 billion during the past two decades, and founded the Ballmer Group in 2015. Now they're changing who gets to decide where the next donations go. The couple's economic-mobility philanthropy, Ballmer Group, is spinning its three regional offices into separate, independent nonprofits for their regional grantmaking. The organizations, including MoveUp Southeast Michigan, MoveUp LA, and MoveUp Washington, will operate on their own but stay funded by the Ballmers. Steve was the CEO of Microsoft from 2000 to 2014 and has an estimated net worth of $177 billion, making him the ninth-richest man in the world, according to the Bloomberg Billionaires Index. Some of the Ballmer Group's largest gifts include a $425 million gift to the University of Oregon to establish the Ballmer Institute for Children's Behavioral Health, a $237.5 million gift to Blue Meridian Partners for its Place Matters Initiative, and an up-to $165 million pledge to Communities In Schools to scale its student-support model to 1,000 new schools. Each of the Ballmer Group's new regional philanthropies has significance to the couple. Steve grew up in Southeast Michigan; the couple owns the Clippers in Los Angeles County; and Washington is home. So their logic behind splitting their philanthropy into three is to put decision-making about donations closer to the people doing the work. "How do we keep staying close to the work, and how do we empower our leaders?" Ballmer Group CEO Terri Ludwig told Fast Company in an interview published Monday, adding she sees the new entities as startups, not spinoffs. Each organization will build its own board and keep running its existing regional work while adjusting to fit local needs, according to a release from the Ballmer Group on July 1. Ballmer Group staff in each region will transition to the new organizations during the next year. Current grantees keep their commitments without disruption, according to the group. Ludwig will serve as a founding board member for all three while continuing to lead Ballmer Group, which will narrow its own focus to a smaller set of large, scalable national initiatives. "Our intention is to ensure that these local philanthropies can be permanent, ongoing resources in each region, while we concentrate our national efforts on advancing economic mobility in new ways," Steve and Connie Ballmer said in a joint statement. The financial structure of the new organizations is still being worked out, but an endowment is one option under consideration, GeekWire reported. About the Ballmer Group. Connie Ballmer began the couple's philanthropy about 25 years ago, long before Steve's Microsoft options turned into billions. Her early work was rooted in Washington State's foster-care system, and she used to write checks from their kitchen table, according to Fast Company. She and Steve later founded Ballmer Group in 2015, but the couple has kept a relatively lower profile than peers like other billionaire philanthropists such as MacKenzie Scott, who is frequently in the headlines for her massive giving sprees and cumulative $26 billion in giving. (To be sure, Scott doesn't publicize her gifts herself.) Her ex-husband, Jeff Bezos, and his new wife, Lauren Sánchez Bezos, are also very prominent philanthropists, running the Bezos Earth Fund and making other major gifts that garner a lot of attention. But Connie has stepped further into view more recently. In April, she donated $80 million to NPR, which was one of the largest gifts in public media history, after the Trump administration pushed Congress to slash roughly $1.1 billion from public broadcasting. That gift was personal, not a Ballmer Group grant, as Connie is an avid NPR listener. "We need fact-based journalism, and we need local journalism," Ballmer told the Wall Street Journal in an interview published in April. Ludwig came to her role at the Ballmer Group in 2019 from Enterprise Community Partners, the national housing-development nonprofit, and worked in finance before that. Like the Ballmers are doing, Ludwig advises newly minted billionaires from the AI boom to start giving and not wait for the perfect strategy. "Start with the problem you deeply care about," Ludwig told Fast Company. "Find the people who are closest to the challenge, learn from them, and begin. Refine your approach over time." That's the main idea behind the Ballmer Group's new strategy: Move the money toward the people who already know the work. This story was originally featured on Fortune.com

A Life Impacted: Yasmin's story with UP Partnership. July 20, 2026 A Life Impacted stories highlight the individuals and families whose lives are changed through the work of its investees. These stories offer a deeper look at how expanded access to opportunity can create lasting social and economic mobility. High school was a busy time for native San Antonian Yasmin Perez. She played volleyball, started her own flower bouquet business to make extra money, and earned exceptional grades in an International Baccalaureate program. She even graduated as her class salutatorian. Yasmin was the first person in her family to seek postsecondary education, and she faced steep challenges as a low-income student. She had little support applying to colleges, and she knew that her parents would struggle to pay for school. So, despite her strong grades and extracurriculars, Yasmin wasn't sure she would be able to fulfill her dream of earning a college degree. However, a new program from UP Partnership - a San Antonio-based organization that coordinates data, aligns pathways, and promotes policy change that can help to unlock the full potential of young people in Bexar County - provided a pathway to college for Yasmin. UP Partnership has received a multi-year investment from Blue Meridian Partners to support the execution of the Future Ready Bexar County Plan in San Antonio and Bexar County. In partnership with the University of Texas at San Antonio (UTSA), UP Partnership would provide direct admission to UTSA for the top 25% of local high school seniors in the San Antonio School District. Yasmin was one of the first students to earn UTSA admission through this program. And since she secured her spot early, she also got her financial aid estimate much sooner than if she had applied during regular admissions. This information allowed her to better prepare for her first year in college and secure the resources she would need not just to succeed, but to thrive. Yet the partnership's assistance did not stop there. The university introduced an early notification system to keep in touch with future students - a huge help to young people like Yasmin whose first-generation status makes them less familiar with the process of entering postsecondary programs. Additionally, every high-achieving program recipient is invited to join the USTA Honors College. This living and learning community helps young people with similar goals befriend, study with, and support one another. That way, no student goes through the transition to college alone, and each of them can lean on their classmates to move forward. Thanks to UP Partnership's collaboration with UTSA, Yasmin entered college with a tight-knit, goal-oriented community. She plans to major in mechanical engineering and is excited to continue to take advantage of all the opportunities her education can foster. The direct admissions program made college more accessible to me, and I am excited to continue my studies at UTSA to become that legacy I want to leave in my community." Yasmin Perez