right place
The corona crisis was taking much longer than expected. All day long, the news reports about the tragic events brought about by the pandemic, a word that has only been unfamiliar.
In the United States alone, there have been millions of confirmed cases and tens of thousands of deaths.
In New York, there were also reports of dead bodies being left unattended.
Thanks to this, Eugene’s expenses were increasing much more than expected.
“In the first half of this year alone, we have already used all of our $10 billion in funds. And in the second half of the year, we have a budget that is double that amount.”
Brian Christopher Deeds, in charge of Eugene’s charitable foundation, reported with a rather awkward look.
He seems to feel sorry for the scale of his spending has become astronomical because his responsibility is to spend other people’s money.
He was saying that he would spend more than 30 billion dollars or 30 trillion won in Korean currency just for understanding.
What’s more, the funds he refers to are excluding general charitable funds going to the food bank.
Christopher Deeds is running a project with a grand plan that is quite different from the philanthropy he has been doing. That means $30 billion was spent on it this year alone.
“You can use more if necessary. But most importantly, how will it be used?”
“Of course. We will use as many resources as we need, where we need them as much as we can.”
What is needed here means how well Eugene’s charity can be known.
What Eugene asked Christopher Deeds to do was not to stop thinking about the meaning of philanthropy simply by spending money.
The philanthropy that Eugene wants is an investment for the future.
Those in need are those whose lives are falling apart in one way or another.
The help given to them had to go beyond simply delaying the collapse, to enable them to rise again.
Merely prolonging a painful life will not ultimately help them, nor Eugene.
Eugene wanted those who helped him to overcome difficulties and stand up.
For that reason, it was necessary to develop a program that not only avoids immediate hunger, but also creates a foundation for self-reliance.
Of course, in such a case, the cost to individuals is bound to increase significantly compared to a simple donation.
If the aid to avoid immediate starvation is $100, support for self-reliance requires ten or a hundred times that amount of resources.
In some ways, you have to spend a lot of money and only benefit far fewer people.
But Eugene chose that path. This activity started with Eugene’s voluntary intention, so it is entirely Eugene’s heart no matter how the assets are used.
Although the amount of charity he will use is enormous, considering the number of working class Americans, the amount that can be returned to one person is not very large.
Only tens or hundreds of dollars in support is available per person.
Instead of reducing the scope of benefits, Eugene chose to give warm support to a small number of people.
It is the responsibility of the state to guarantee a minimum standard of living for all citizens, not Eugene’s job.
“About 1 million people have benefited so far.”
To use $10 billion to help a million people means to spend $10,000 per person.
If it is only $10,000 in 6 months, it is calculated as $20,000 a year. The amount is too large to be considered an ordinary charity.
And Christopher Deeds plans to increase this to two million a year.
Most of the support was for low-income youths who were not properly educated due to their home environment, and those with room for improvement with a little help, such as self-employed people who were temporarily unable to run their businesses due to accidents or bad luck.
In fact, it is probably right that charity in the truest sense is bestowed on the lowest-class people who cannot solve their immediate hunger.
However, even with support, they are often not in a position to make any progress.
Christopher Deeds’s team is daringly creating a massive network of systems to support those who, except for the most difficult, have the potential to evolve if they can get more help, even if they’re middle-class or higher.
The plan was not to end with simple funding, but to create a circle that could encourage and encourage each other through the network between them while monitoring the support target.
“It is enough for only 10% of 5 million people with a sense of improvement to succeed in self-sufficiency.”
That was Eugene’s request. Hundreds of thousands to millions of American citizens jump through social classes every year with Eugene’s help.
Naturally, they will become active supporters of Eugene, and furthermore, they plan to help them occupy an important social position in their respective communities.
So, in the long run, it was meant to make many people see the help of this new charity as a significant opportunity for social uplift.
“A considerable amount of resources are being spent on programs for selecting applicants. Nearly $300 million was spent this quarter alone.”
The biggest criterion for selection for support will ultimately be a question of how willing you are to go to a higher level in your current life.
An astronomical cost is being spent only on creating a program that hires a large number of psychologists to select charitable targets to screen those candidates with such a sense of improvement.
Moreover, given the fact that the program is still in its infancy, it is unknown how much it will cost in the future.
“As I said from the beginning, the funding needs are not a top priority for us to consider.”
“All right. But because the scale of execution is so astronomical… … haha.”
Eugene’s investment was so drastic that Brian Deeds, who had been executing the US budget called Heavenly Country at the White House, spoke up.
It also means that Eugene attaches great importance to this business.
In fact, considering the amount of money Eugene earns from investment, the cost of about $100 billion a year is not a big deal.
It is already expected that the estimated revenue will exceed 1 trillion dollars in understanding alone.
That’s one year’s income. Knowing the future is like that.
The size of the global stock market is about 100 trillion dollars, and the size of the global derivatives market is about 800 trillion dollars.
The modern financial system, which has become highly complex, is creating a financial investment market on a much larger scale than the real economy.
Huge sums come and go in these financial markets every year, and Eugene is a part of them, but knows the definitive outcome.
Furthermore, in the modern financial market, by predicting not only an uptrend but also a downtrend, it is possible to achieve the same profit as a bull market. This is thanks to products such as short selling and options.
Moreover, this is only for financial products. Eugene has invested an absolute stake in a number of companies that will grow to the level of Google or Apple in the future.
In the next few years, a few such companies will go public each year, generating hundreds of billions of dollars in revenue.
As long as there are no major problems, he predicts that he will be able to earn steady profits in all business fields.
Eugene has no intention of simply embracing the accumulated funds.
The most important thing is how and where you spend money, not when you have it.
And Eugene has been looking for the most efficient way to use it for a long time.
“I am flooded with thanks from people who have recently applied.”
Monica said, showing the box full of mail. Most of them are people who have received Eugene’s support in some way during the corona crisis.
Others have escaped hunger, received medical assistance, and sometimes found new jobs.
Not everyone who received such support expressed appreciation to Eugene, but some have expressed their gratitude to Eugene, even in heartfelt, handwritten letters.
Of course, it is impossible for Eugene to read so many letters one by one.
They set up separate offices in California and New York, each employing separate staff to read, summarize, and reply to those letters.
Of course, since the world is the world, each office goes through the process of checking whether there is any risk from both bio and chemical aspects before opening a letter.
The box Monica brought that day is only a small part of the thank-you letter returned.
They were sent in the judgment that they needed to be reviewed in terms of content or formality.
These letters are again reviewed by Monica’s team members in their spare time, and if necessary, they are reported to Eugene.
“In particular, I think the support for actors and movie-related personnel worked well. There are already loads of thanksgiving feeds for Eugene on social media.”
“Good luck. If you post something like that, you’re saying you’re safe from Corona, right?”
“Usually yes. There are hundreds of articles saying that when I was diagnosed and was suffering, I was able to survive with appropriate support. The boss is officially a benefactor who saved hundreds of actors.”
That’s why Eugene used a lot of resources in Hollywood.
By the 2000s, social media had completely captured the minds of Americans as well as people around the world.
This is the reason why Eugene actively used SNS in the early days of her activities in the United States.
People now sympathize more with one-page posts from unknown sources on social media than with official media reports.
An unfamiliar group of people called influencers exerts no less influence than the journalists of the last century.
And the people who use these social media the most are Hollywood actors.
Of course, their beautiful appearance is probably their greatest asset.
In an era where looks are more important than ever, Hollywood is where the most outstanding influencers gather.
“The article posted by a new actor named Amy Goodwin is especially becoming a hot topic.”
“Amy Goodwin?”
At Monica’s words, Eugene immediately raised her head.
“yes. Do you know any names?”
“Well? It’s a very common name.”
“Yes? He’s an actor who hasn’t done such a remarkable job yet. But the visuals were pretty good. Moreover, the feeds I have uploaded since I was confirmed with Corona this time have been a topic of discussion.”
“how?”
“I think it’s because of the gap that comes from the difference in appearance after being completely healed and broken during the corona virus.”
Eugene showed interest. It was something that Eugene could not even know what would become a hot topic and spread on social media.