Warren E. Buffet Offers Amazing Donation

Posted on
By JohnPosted In: Charity ActivityTagged: , ,

There are charitable donations – and then there is Warren E. Buffett’s charitable donation. Recently, Mr. Buffett distributed 17.5 million Class B shares of Berkshire Hathaway to the Bill and Melinda Gates Foundation. This is a gift valued at $2 billion based on the closing price recently.  The gift was part of Buffett’s annual charitable giving that included gifts to the Susan Thompson Buffett Foundation and the Howard G. Buffett Foundation. Buffett’s total donations this year were 22.9 million Class B shares.

Mr. Buffett committed, seven years ago, that he would give a total of $31 billion over time to the Gates Foundation. He planned to give the bulk of his massive fortune to the Gates Foundation and to four other philanthropies.

Together, Mr. Buffett and Mr. Gates have actually tried to persuade other wealthy Americans to give away a large chunk of their fortunes. They have created something called the Giving Pledge for this purpose.

The Bill and Melinda Gates Foundation

Posted on
By JohnPosted In: Charity ActivityTagged: , , , ,

The Bill and Melinda Gates Foundation seeks to “help all people lead healthy, productive lives.”  It firmly believes all lives have “equal value” and thus tries to provide the resources people are lacking to ensure they have enough food and live above the poverty line.  Health and (adequate) wealth are the foundation’s main aims.  In America, the charitable organization (headquartered in Seattle, Washington) works toward facilitating and enabling access to educational opportunities for all, leading to a greater chance of being successful in life. The foundation’s co-chair is William H. Gates Sr., CEO Jeff Raikes, and directed by Bill and Melinda Gates as well as Warren Buffet.  Their mission is to “increase opportunities for people in developing countries to overcome hunger and poverty.”

The three main areas the foundation works in are: Global Development, Global Health, and United States.  In the first, work is done to reach as many people as possible in the areas that have the most potential for “high-impact, sustainable solutions”; in the second, attempts are made for progression in science and technology to save lives in poor countries, focusing on health issues and in the third, the  United States Program work, is geared towards citizens achieving the best – and most – education possible.