Website review: Buffett to donate bulk of fortune -...
laodan discovered this in Business
•1 reviews since Jun 26, 2006
business
•iht.com/articles/2006/06/26/news/web.0626buff...
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laodan discovered 25 months ago
Egoless. Buffet's name is not on the door of his 38 billion donation. Egoless! Yes most people giving away their money want something in return and in general it's to confort their ego. Buffet is indeed a very wise man. """ Buffett plans to give away 85 percent of his fortune, or about $37.4 billion, all in Berkshire stock. Of that amount, he will channel the greatest share, about $31 billion, into the Gates Foundation. The Gates Foundation is already the United States' largest grant-making foundation, with current assets of almost $30 billion, and Buffett's massive contribution may permanently solidify that philanthropy's standing as the biggest and most influential organization of its kind. "I'm not sure anytime in history we've ever seen someone give away a sum of money that large to another foundation," Gene Tempel, executive director of the Center on Philanthropy at Indiana University, said of Buffett's donation to the Gates Foundation. "Most people with this sum of money would try to create their own foundation in their own image; he's entrusting it to someone with whom he's had a good close relationship but who is 25 years his junior, who might be around to make sure it is used properly". """ URL: Egoless. Buffet's name is not on the door of his 38 billion donation.
