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Warren Buffett donates $37 billion to charity
"We are awed by our friend Warren Buffett's decision to use his fortune to address the world's most challenging inequities, and we are humbled that he has chosen to direct a large portion of it to the Bill & Melinda Gates Foundation."- Bill and Melinda Gates
Omaha, NE - In what is believed to be the largest charitable gift made in the United States, the world's second richest man Warren Buffet plans to donate the bulk of his $44-billion (Rs 202,840 crore) fortune to the Bill and Melinda Gates Foundation.
The chairman of Berkshire Hathaway Inc. plans to give away 85 per cent of his fortune, or about $37.4 billion (Rs 172,414 crore), all in Berkshire stock. Of that amount, he will channel the greatest share, about $31 billion (Rs 142,910 crore), into the Gates Foundation.
Mr. Buffett's decision to start giving his fortune to charity while he is still alive, instead of after he dies, was driven by the death of his wife, Susan, in 2004, and the greater scale and ability of the Gates foundation to put his wealth to charitable use sooner than the smaller Susan Thompson Buffett Foundation, set up by him and his wife.
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Comments
Jun 25 Simply awesome! Has a movement started in "giving while living"?- Ryan
May 07 I have a struggling braille transcription business and i am trying to reach a wide range of the visually impaired community. How do I solicit a contribution to help make my business more competitive in the market.
- David Wilson
Oct 26 very proud of mr buffett's kindness.
- lim qiao hui
Oct 26 he's awesome!
- zhi ying
Nov 13 I am a grant writer for a Rural Critical Access Hospital located in Iowa. I have contacted the Gates Foundation and Neb Furniture Mart all which are owned or invested in by Warren Buffet, not asking them to give us funds but asking if there were any grants available the we could write for. Because of funding cuts and mandated upgrades there have been several items at our facility that have had to go unaddressed.
Since Warren Buffet is from the area and owns so many businesses in the area I thought that perhaps he would have some grant programs. If there are any I have not yet found them. Mr. Buffett or his staff if you read this please could you supply me with information on any grants that are out there with your companies that would assist a facility such as ours.
I would greatly appreciate any information.
I want to thank you in advance for your assitance with this matter.
- ciritcal
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