Sunday, June 25, 2006

Warren Buffet Charity

As many of you might have heard by now, Warren Buffet of Berkshire Hathaway has decided to donate almost 85% of his fortune to charity. The bulk of the contributions is going to an organization for whom I have the utmost respect for (and have talked about often in many of my previous posts), the Bill & Melinda Gates Foundation.

The contribution is going to be staggered over the next several years, but will almost double the current asset value of the Foundation. This is a big boost to current and all future efforts that will be undertaken by the Foundation, which will obviously translate to greater outreach.

You can read all about the article here.


At 7:42 PM, OpenID clatara said...

Mr Buffett I admire you for doing something I thought a rich man would ever do."part with his money" I'm glad you proved me wrong. I was a mid-class worker and donated what I could. I always wanted to do more. Now I'm old and needy...glad to know you are there. needy in Lufkin TX.


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