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February 28, 2005
Congratulations to this year’s winners!
Susan T. Buffett—$2.55 billion to the Buffett Foundation, Howard G. Buffett Foundation, Susan A. Buffett Foundation, and Spirit Foundation. Buffett, a director of Berkshire Hathaway, in Omaha, Neb., who died on July 29, 2004, at 72, left approximately $2.4 billion to the Buffett Foundation, in Omaha. Ms. Buffett was the wife of Warren E. Buffett, Berkshire Hathaway's chairman and chief executive officer, and was the president of the foundation, which supports education, medical research, and efforts to curb population growth. She also left $50 million to the Howard G. Buffett Foundation, in Decatur, Ill., which was founded by one of her two sons. The foundation supports wildlife and environmental causes and education and human services programs. Buffett gave $50 million to her daughter's fund, the Susan A. Buffett Foundation, in Omaha, which supports early childhood education for low-income families, the arts, reproductive health, and Christian organizations. She left an additional $50 million to the Spirit Foundation, in Omaha, which is run by her son Peter A. Buffett, and supports arts, education, and human service organizations. According to Susan Buffett's will, the money derives from 31,707 shares of Berkshire Hathaway stock that she owned at the time of her death. The exact amount of the gift to the Buffett Foundation will depend on changes in the value of the stock once Buffett's estate is settled later this year. Susan Buffett was the wife of Warren E. Buffett, Berkshire Hathaway's chairman and chief executive officer.
And:
William H. (Bill) III and Melinda F. Gates—$627 million to the Bill & Melinda Gates Foundation. Bill Gates, 49, chairman and chief software architect of the Microsoft Corp., in Redmond, Wash., and his wife, Melinda, 39, paid $627 million toward a pledge of approximately $3.35 billion to the Bill & Melinda Gates Foundation, in Seattle. This most recent infusion of cash came from a Microsoft stock dividend that Bill Gates received in late 2004. (A profile of the Gates Foundation appeared in the Nov. 11, 2004, issue of the Chronicle of Philanthropy.)
The world is truly a better place for having them in it...
Posted by Andrew at February 28, 2005 12:49 PM
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