Giving
The Buffett Foundation does not accept unsolicited requests, preferring instead to seek out worthy recipients on its own. [5]
Of the $17.6 million that the Buffett Foundation donated in the fiscal year ended June 30, 1999, nearly $3.8 million went to Planned Parenthood, among its top contributors. It also involves itself directly at the clinic level.
International Projects Assistance Services (IPAS), based in Carrboro, North Carolina, manufactures a handheld suction pump used in developing countries to initiate abortions. The Buffett Foundation has backed IPAS for years. Its 1999 contribution of $2.5 million was part of a five-year, $20 million commitment that will enable IPAS to double its capacity. [7]
The foundation provides grants to a large range of U.S. and a few international organizations, including the Willows Foundation in Turkey (€2.3 million), the World Food Programme in Italy (€800,000), Marie Stopes International in the UK (€571,000); and Grupo de Informacion en Reproduccion Elegida in Mexico (€196,000). [8]
By 2008, the Foundation had nearly $4 billion in assets. In 2007, Omaha's Building Bright Futures initiative promised financial support to low-income students in the area who wanted to attend college. [9]
The Bill & Melinda Gates Foundation (BMGF) is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported to be the second largest charitable foundation in the world, holding $69 billion in assets as of 2020. The primary stated goals of the foundation are to enhance healthcare and reduce extreme poverty across the world, and to expand educational opportunities and access to information technology in the U.S. Key individuals of the foundation include Warren Buffett, chief executive officer Mark Suzman, and Michael Larson.
Warren Edward Buffett is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world. As of April 2024, he had a net worth of $139 billion, making him the ninth-richest person in the world.
Susan Thompson Buffett was an American activist for the causes of civil rights, abortion rights and birth control, and the first wife of investor Warren Buffett. She was a director of Berkshire Hathaway, owning 2.2 percent of the company worth about $3 billion at the time of her death, making her the 153rd richest person in the world. She was president of the Buffett Foundation, which has contributed millions of dollars to educational groups, medical research, family planning groups and other charities.
The Conrad N. Hilton Foundation is an American non-profit charitable foundation, established in 1944 by hotel entrepreneur Conrad Hilton. It remained relatively small until his death on January 3, 1979, when it was named the principal beneficiary of his estate. In 2007, Conrad's son, Barron Hilton announced that he would leave about 97% of his fortune to a charitable remainder unitrust which names the foundation as the remainder beneficiary.
Bernard Marcus is an American billionaire businessman. He co-founded The Home Depot. He was the company's first CEO and first chairman until retiring in 2002.
Henry Samueli is an American businessman, engineer, and philanthropist.
The Atlantic Philanthropies (AP) was a private foundation created in 1982 by American businessman Chuck Feeney. The Atlantic Philanthropies focused its giving on health, social, and politically left-leaning public policy causes in Australia, Bermuda, Ireland, South Africa, the United States and Vietnam. It was among the largest foreign charitable donors in each of the countries in which it operated, and was the single largest funder of programs that encouraged the civic engagement of older people and of comprehensive immigration reform in the United States. With the single largest advocacy grant ever made by a foundation, the Atlantic Philanthropies committed $27 million to win passage of the Affordable Care Act in the United States. About half of the Atlantic Philanthropies' grants were made in donations that allow lobbying.
Peter Andrew Buffett is an American musician, composer, author and philanthropist. With a career that spans more than 30 years, Buffett is a Regional Emmy Award winner, New York Times best-selling author and co-chair of the NoVo Foundation. He is the youngest son of billionaire investor Warren Buffett.
Howard Graham Buffett is an American businessman, former politician, philanthropist, photographer, farmer, and conservationist. He is the middle child of billionaire investor Warren Buffett. He is named after Howard Buffett, his grandfather, and Benjamin Graham, Warren Buffett's favorite professor.
Charles Francis Feeney was an American businessman and philanthropist who made his fortune as a co-founder of Duty Free Shoppers Group, the travel retailer of luxury products based in Hong Kong. He was the founder of the Atlantic Philanthropies, one of the largest private charitable foundations in the world. Feeney gave away his fortune in secret for many years, choosing to be anonymous, and donating more than $8 billion in his lifetime.
Susan Alice Buffett is an American philanthropist who is the daughter of Warren Buffett and Susan Thompson Buffett. Her charitable work has focused largely on the Sherwood Foundation, formerly known as the Susan A. Buffett Foundation, an organization in Omaha that provides grants in public education, human services and social justice in the interest of promoting the welfare of children from lower-income families. She is also on the boards of the Susan Thompson Buffett Foundation, The Buffett Early Childhood Institute, and Girls, Inc. According to a 2010 interview with her brother Howard Graham Buffett, Buffett's philanthropic focus has consistently remained on children, education and family issues, but she has also committed to other causes, including The ONE Campaign, a non-governmental organization dedicated to various improvements in Africa.
Howard Warren Buffett is an American philanthropist, political consultant, political scientist, and writer. A grandson of the American businessman and investor Warren Buffett, he is an adjunct professor in public policy and international affairs at Columbia University's School of International and Public Affairs and was previously the executive director of the Howard G. Buffett Foundation, a private philanthropic foundation that funds initiatives aimed at improving the standard of living and quality of life for the world’s most impoverished and marginalized populations. He previously led agriculture-based economic stabilization and redevelopment programs in Iraq and Afghanistan while at the United States Department of Defense, and as a policy advisor in the Executive Office of the President of the United States under President Barack Obama.
The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority of their wealth to philanthropic causes. As of June 2022, the pledge has had 236 signatories from 28 countries. Most of the signatories of the pledge are billionaires, and as of 2023, their pledges are estimated at a total of US$600 billion. However, there is no enforcement mechanism, and no restrictions on the charitable causes that signatories are allowed to support.
Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions. Philanthropy has been a major source of funding for various sectors, such as religion, higher education, health care, and the arts. Philanthropy has also been influenced by different social movements, such as abolitionism, women’s rights, civil rights, and environmentalism. Some of the most prominent philanthropists in American history include George Peabody, Andrew Carnegie, John D. Rockefeller, Henry Ford, Herbert Hoover, and Bill Gates.
Open Philanthropy is a research and grantmaking foundation that makes grants based on the doctrine of effective altruism. It was founded as a partnership between GiveWell and Good Ventures. Its current chief executive officer is Alexander Berger, and its main funders are Cari Tuna and Dustin Moskovitz. Moskovitz says that their wealth, worth $16 billion, "belongs to the world. We intend not to have much when we die."
Jeffrey Glynn Tarrant was an American investor. He was the founder and chairman of MOV37 and Protégé Partners, firms specializing in identifying, seeding and early stage investing in investment funds. He was also a founding partner of film production company Candescent Films. He died from brain cancer in 2019.
Ted Weschler is an American hedge fund manager who is the current investment manager at Berkshire Hathaway. Alongside Todd Combs, he is frequently cited as a potential future Chief Investment Officer of Berkshire.
Doris Eleanor Buffett was an American philanthropist also known as the 'retail' philanthropist and the founder of The Sunshine Lady Foundation, The Learning By Giving Foundation, and The Letters Foundation which she co-founded alongside her younger brother, billionaire Warren Buffett. She was the daughter of Leila (Stahl) and U.S. politician and stockbroker Howard Homan Buffett. Doris Buffett intended to give all of her money away before she died.
The family of Warren Buffett, an American investor, has been prominent in business, philanthropy, politics and academia over five generations.
