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In December, the Kendeda Fund closed its doors, ending a 30-year run of giving more than $1 billion to dozens of nonprofits in Atlanta and Montana.
The fund was started by Diana Blank, the first wife of Home Depot co-founder Arthur Blank, in the wake of her divorce from Arthur in 1993, reports the Atlanta Journal-Constitution.
Blank, who is now the owner of the Atlanta Falcons and Atlanta United, wanted to "give away her money during her lifetime and then move on," her eldest daughter, Dena Kimball, tells the Chronicle of Philanthropy.
"She has been good at staying true to her authentic self," Kimball says.
"Hopefully, this last chapter will give her another chance to do that."
The Kendeda Fundnamed for Blank's three children, Kenny, Dena, and Daniellewas known for its trust-based philanthropy, in which recipients were trusted to invest money in the most effective way possible with minimal oversight from the donor, per the Chronicle of Philanthropy.
"A successful garden requires care and attention in the here and now, and a leap of faith about the future," says a post on the Kendeda Fund website.
"When you plant a young tree, your job is to nurture it so it can grow and
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