Steve and Connie Ballmer Split $8 Billion Philanthropy into Three Independent Nonprofits

Economy, Business and Finance

12 August 2026 at 12:18 am

Steve and Connie Ballmer Split $8 Billion Philanthropy into Three Independent Nonprofits

HyperFast News

Summary

Steve and Connie Ballmer are restructuring their $8 billion philanthropy, the Ballmer Group, by spinning off its three regional offices into independent nonprofits to decentralize decision-making. These new organizations, MoveUp Southeast Michigan, MoveUp LA, and MoveUp Washington, will continue to be funded by the Ballmers and focus on local economic mobility initiatives.

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