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	Buffett earmarks billions for charity - The Boston Globe
		Buffett, in a letter to the Gates foundation scheduled to be sent today, pledged 10 million Class B shares of Berkshire Hathaway, valued at $31 billion at the close of trading Friday.
		Buffett and Gates are scheduled to discuss their philanthropy at a town hall meeting and news conference in New York today.
		Buffett yesterday posted copies of his pledge letters to each of the five foundations on the Berkshire Hathaway website as well as a brief announcement of his plans to make the donations.
	www.boston.com /business/articles/2006/06/26/buffett_earmarks_billions_for_charity (717 words)

	Urban Legends Reference Pages: Inboxer Rebellion (Pampered Chef)
		Although Buffett is reckoned to be the second wealthiest man in the world, he still lives in the Omaha, Nebraska, home he purchased for $31,500 in 1958.
		The Buffett Foundation also funds a number of college scholarships and awards in recognition of exemplary teachers.
		However, since Warren Buffett (as a private individual) holds shares in Berkshire Hathaway and is free to contribute the profit he derives from those holdings to The Buffett Foundation, the businesses owned by Berkshire Hathaway (such as The Pampered Chef) are indirectly providing money to the causes Buffett supports through his foundation.
	www.snopes.com /inboxer/outrage/buffett.asp (561 words)

	Buffett to Give Bulk of His Fortune to Gates Charity - New York Times
		Buffett was accompanied by a publicity campaign that was hard to ignore, starting with a full-page advertisement today in The New York Times about a joint interview with Charlie Rose that will be broadcast on PBS tonight.
		Buffett had insisted that he would wait until his death to make a sizable charitable bequest, but he told Fortune that the death of his wife, Susan, in 2004, his admiration for the Gateses and his certainty about how to dispose of his wealth had caused him to "get going" now.
		Buffett's wife and emphasizes family planning, abortion rights and anti-nuclear proliferation issues; the Howard G. Buffett Foundation, which is named after and run by one of Mr.
	www.nytimes.com /2006/06/26/business/26buffett.html?ex=1308974400&en=4354ac2385c28795&ei=5088&partner=rssnyt&emc=rss (1201 words)

	Buffett gift to help improve education - Boston.com
		The Buffett and Gates families, as well as onlookers, were beaming as the so-called Oracle of Omaha officially made his benevolence a reality.
		Buffett said his children have known all along that much of their family's wealth would be given back to society.
		Buffett's gift is "really significant," not just for its size but for its potential to encourage other giving, said Diana Aviv, president and CEO of Independent Sector, a nonprofit coalition of about 550 charities, foundations and corporate giving programs that includes The Gates Foundation.
	www.boston.com /business/articles/2006/06/26/buffett_to_beef_up_gates_foundation (822 words)

	CNN.com - Buffett to give away billions - Jun 25, 2006
		Buffett is preparing to give about 85 percent of his $44 billion fortune to charity.
		The death of Buffett's wife, Susan, in 2004 spurred him to step up plans to start the giveaway, since he had expected she would oversee his foundation after his death, Buffett told the magazine (Full story).
		Buffett said his children control the other foundations to get the stock, but he will not leave them "huge amounts" for their personal use.
	edition.cnn.com /2006/BUSINESS/06/25/buffett.fortune/index.html (663 words)

	The Warren Buffett You Don't Know
		Buffett hands over his passport and landing card to the inspector, who does not seem to realize that the professorial-looking 68-year-old standing before him is America's second-richest man. Or perhaps he just gets a kick out of trying to take the high and mighty down a peg.
		To hear Buffett sing his beautifully artless rendition of Ain't She Sweet to his own ukulele accompaniment is to wonder not only how such a man came to measure his net worth in billions but also whether he might not be a time-traveler from a more innocent age.
		Buffett has said that it is his wish that 99% of the money he has made eventually go to the Buffett Foundation, to be distributed to worthy causes under the direction of Allen Greenberg, 42, the ex-husband of his daughter Susan A. Buffett.
	www.businessweek.com /1999/99_27/b3636001.htm (5568 words)

	The Seattle Times: Business & Technology: Bulk of Buffett's fortune goes to Gates Foundation
		Buffett, 75, has said for years that his vast stock wealth from his company, Berkshire Hathaway, would fund philanthropy after his death, and he was expected to leave it to his own charity.
		Buffett stipulated that at least one of the Gateses must be involved in the foundation for payments to continue.
		Buffett had been expected to leave most of his wealth to the Susan Thompson Buffett Foundation, begun by him and his wife.
	seattletimes.nwsource.com /html/businesstechnology/2003085998_gatesfoundation26.html (1224 words)

	USATODAY.com - Gates Foundation to double reach with gift from Buffett (Site not responding. Last check: 2007-10-20)
		Buffett said he plans to give away 12,050,000 Class B shares of Berkshire Hathaway stock (BRKB) to the foundations, but he will have to convert some of his 474,998 Class A shares to complete the gifts.
		Buffett suggested that his children should focus their charitable resources on needs that would not be met otherwise.
		Buffett said he plans to earmark 10 million B shares for the Gates Foundation, 1 million B shares for the Susan Thompson Buffett Foundation named in honor of his wife and 350,000 shares for the three foundations run by each of his children.
	www.usatoday.com /money/2006-06-25-gatesfoundation-buffett_x.htm (860 words)

	Warren Buffett
		The younger Buffett is a self-made billionaire, a Democrat, and an outspoken advocate of corporate integrity who seems to practice what he preaches.
		Buffett is believed to be the second or third wealthiest man in the world, and still lives in the house he bought for $31,000 in 1958.
		Both Buffett and his wife have stipulated that upon their deaths, the lion's share of their wealth will go to the Buffett Foundation.
	www.nndb.com /people/445/000022379 (792 words)

	OpinionJournal - Taste
		Buffett controlled well over half the contributions even though he owns only about a third of the company.) Berkshire's press release acknowledged this unhappiness: "Certain donations, including some made by Berkshire's chairman, Warren Buffett, have caused harmful criticism to be directed at.
		Buffett bragged that the program took only one part-time person to administer, but he never did explain why a corporation should give away some $200 million, some of it to controversial causes.
		Buffett's net worth, his reputation as "the world's greatest investor" and his status as one of the most respected names in corporate America, we have every reason to assume that we will be reading soon about his new personal charitable contributions.
	www.opinionjournal.com /taste/?id=110003825 (960 words)

	Buffett Will Double Gates Foundation's Spending - Forbes.com (Site not responding. Last check: 2007-10-20)
		Now it is certain Buffett's children will not inherit a great slice of their father's wealth when he passes away.
		Buffett will start his donations immediately with a gift of about $1.5 billion, and add to it each summer with donations of 5% of the additional earmarked shares in Berkshire.
		In his letter to the Gates Foundation, Buffett said he admired his friend's foundation and wanted to "materially extend it future capabilities." Until now, all the money given away by the Gates Foundation has come from the only man above Buffett in our list of the World's Billionaires-- Bill Gates.
	www.forbes.com /home/facesinthenews/2006/06/26/buffett-gates-philanthropy-cx_cn_0626autofacescan03.html (501 words)

	The Blog \| Sheldon Drobny: The Gates and Buffett Foundation Shell Game \| The Huffington Post
		These foundations are perfectly legal and allow the donors to keep absolute control of all their money and power and accumulate enormous appreciation free of taxation.
		Buffett is using the Gates foundation as a conduit for giving, both now and after his death.
		Gates and Buffett sitting comfortably on their diamond-encrusted, solid gold commodes than see them pay taxes that will inevitably be (mis)spent on the fearmongering and belligerence that are the only thing this administration knows how to do.
	www.huffingtonpost.com /sheldon-drobny/the-gates-and-buffett-fou_b_27780.html (3688 words)

	USATODAY.com - Warren Buffett signs over $30.7B to Bill and Melinda Gates Foundation (Site not responding. Last check: 2007-10-20)
		Buffett had said he would give away 12,050,000 Class B shares of Berkshire Hathaway stock (BRKB) to the five foundations.
		Buffett's gift is "really significant," not just for its size but for its potential to encourage other giving, said Diana Aviv, president and CEO of Independent Sector, a non-profit coalition of about 550 charities, foundations and corporate giving programs that includes The Gates Foundation.
		Buffett's donations of Berkshire shares means the ultimate value of his gifts will be tied to the company's share price.
	www.usatoday.com /news/nation/2006-06-25-buffett-charity_x.htm (1159 words)

	It's Only Just Begun - Forbes.com (Site not responding. Last check: 2007-10-20)
		Warren Buffett's blockbuster $30 billion pledge to the Bill and Melinda Gates Foundation, effectively doubling the size of what was already the world's largest charity, may have set off alarms in some quarters among those who are uncomfortable with a such a mass of endowment dollars concentrated under one roof.
		The foundation will now be more than five times bigger than the No. 2 Ford Foundation, which controls $11 billion.
		Buffett also railed some against big inheritances, both at the library meeting and at a later press conference.
	www.forbes.com /home/business/2006/06/26/buffett-gates-philanthropy-cx_tvr_0627charity.html (645 words)

	The Seattle Times: Business & Technology: For Gates Foundation and Buffett, charity isn't a soft touch
		Buffett is donating most of his fortune to the Bill & Melinda Gates Foundation a year at a time, in effect doubling the foundation's $29 billion in assets.
		Melinda Gates said the foundation, which has about 300 employees, is gradually expanding its focus, which has been primarily global health and education, to include micro lending and agriculture — areas that support global health.
		In deciding to give his wealth to the Gates Foundation, Buffett said he considered whether the foundation could be at least twice as effective with twice the resources.
	seattletimes.nwsource.com /html/businesstechnology/2003087958_gates27.html (1362 words)

	Online NewsHour: Analysis \| Buffett Pledges Charity Billions \| June 26, 2006 \| PBS
		Buffett, who is 75, said he'd give away 85 percent of his total wealth, most of which will be donated gradually to the Bill and Melinda Gates Foundation.
		Well, I want the well-being of their foundation to be sort of concentrated in Berkshire, because I think it's going to do very well, so I wouldn't want to be forced to sell it and, you know, buy government bonds or something of the sort.
		Buffett's gift, together with that of the Gates Foundation gift, is trying to deal with problems that are just as serious and just as intractable, but on a much grander scale, a global scale, rather than just a local scale or a regional scale.
	www.pbs.org /newshour/bb/social_issues/jan-june06/buffett_06-26.html (2385 words)

	NPR : Buffett Gift Sends $31 Billion to Gates Foundation
		Warren Buffett pledged to donate 85 percent of his fortune in Berkshire Hathaway stock to several philanthropic foundations.
		The foundation allocated $27 million to reduce cervical cancer and $31 million was spent to control schistosomiasis, a disease caused by parasitic worms and transmitted to humans through a particular type of snail.
		The foundation also awards scholarships for promising students to attend college, who otherwise wouldn't have the financial means to do so, and for students of exceptional academic achievement for graduate study.
	www.npr.org /templates/story/story.php?storyId=5512893 (953 words)

	Buffett's billions will go to charity \| The San Diego Union-Tribune
		Investment guru Warren Buffett, whose stake in the company he founded is worth $44 billion, disclosed plans yesterday to give nearly all of it away to five philanthropies.
		Buffett said he plans to give away 12,050,000 Class B shares of Berkshire Hathaway stock to the five foundations, but he will have to convert some of his 474,998 Class A shares to complete the gifts.
		The Gates Foundation has focused much of its efforts on global health, backing the development, testing, manufacturing and delivery of vaccines for diseases such as malaria, tuberculosis and acute diarrhea that kill millions of children in developing countries every year.
	www.signonsandiego.com /uniontrib/20060626/news_1n26buffett.html (778 words)

	SignOnSanDiego.com > News > Nation -- Gates Foundation to double its reach with gift from Warren Buffett
		SEATTLE – With Warren Buffett's announcement that he will be sending about $1.5 billion every year to the Bill and Melinda Gates Foundation, the charity has a new, happy challenge: how to distribute twice as much money each year.
		Buffett said he plans to give away 12,050,000 Class B shares of Berkshire Hathaway stock to five foundations, which also include the Susan Thompson Buffett Foundation named in honor of his wife and 350,000 shares for the three foundations run by each of his children.
		In his letter to the Gates Foundation, Buffett said he admired the foundation and wanted to “materially extend it future capabilities.” Until now, all the money given away by the Gates Foundation has come from the couple.
	www.signonsandiego.com /news/nation/20060626-0511-buffettsbenevolence.html (598 words)

	PNNOnline
		Warren Buffett, the second wealthiest man in the country, will donate the bulk of his $44 billion fortune to the foundation of the wealthiest, the Bill & Melinda Gates Foundation, and four other philanthropies starting in July, the New York Times reports.
		Buffett, chairman of Berkshire Hathaway, Inc., plans to contribute 85 percent — about $37.4 billion — of his Berkshire stock to charity, with approximately $31 billion directed to the Gates Foundation, effectively doubling the asset base of the largest foundation in the United States.
		The gift from Buffett, who will join the Gates Foundation as a trustee, will be made in annual increments and could be distributed in an as-yet-unspecified way if Buffett dies before the entire sum is paid.
	www.pnnonline.org /print.php?sid=6813 (252 words)

	[No title] (Site not responding. Last check: 2007-10-20)
		Given that Buffett hates losing money too, that makes complete sense to me. Owing to their built-in diversification, funds are far less risky than individual stocks: With funds, your fortune (literally!) isn't tied to the fate of just a handful of companies.
		Adelson, the son of a Boston cab driver, may be on his way to becoming the richest man on earth.
		In 2001, the foundation drew attention when it dropped its policy of anonymity, to increase "effectiveness, transparency, and accountability." In 2002, the attention turned into a flurry of publicity when it decided to give away all of its remaining assets - $3.1 billion at the end of 2005 - by 2020.
	www.newstrove.com /cgi-bin/search.pl?search=Buffett%20Foundation&nw=&os=&pc=7&sn=0 (788 words)

	Buffett says wealth giveaway has been a long time coming - Jun. 26, 2006
		Buffett, the second richest man in the world, announced his plans to gradually give 85 percent of his wealth to five foundations in an exclusive interview with Fortune magazine published over the weekend.
		The plan calls for Buffett to donate 10 million Berkshire Hathaway class B shares of stock to the Gates' foundation, another 1 million to the Susan Thompson Buffett foundation, named for his late wife, and another 350,000 shares each to the three foundations run by Buffett's three children, Susan, Howard and Peter.
		But Buffett indicated he has no intention of stepping down any time soon, noting that a big reason he chose to give money to the Gates foundation is so he can concentrate more on the day-to-day business of running Berkshire Hathaway, an insurance and investment firm.
	money.cnn.com /2006/06/26/news/newsmakers/gates_buffett/index.htm?cnn=yes (1515 words)

	FORTUNE Magazine: Warren Buffett gives away his fortune - Jun. 25, 2006
		Buffett, 75, has for decades said his wealth would go to philanthropy but has just as steadily indicated the handoff would be made at his death.
		Buffett has pledged to gradually give 85% of his Berkshire stock to five foundations.
		This last foundation was for 40 years known simply as the Buffett Foundation and was recently renamed in honor of Buffett's late wife, Susie, who died in 2004, at 72, after a stroke.
	money.cnn.com /2006/06/25/magazines/fortune/charity1.fortune/index.htm (1476 words)

	Daze Reader: Buffett Foundation supports reproductive rights organizations
		The campaign is being financed by Omaha investor Warren Buffett and his wife, Susan, and carried out by the charitable foundation bearing their name.
		The Buffett Foundation quietly, almost secretly, has become one of the nation's most generous benefactors for organizations at work for abortion rights, population control and women's reproductive health.
		The foundation awards most of its grants — $21 million in 2001, or 75 percent of its total giving — to groups that work in abortion access and reproductive health." A sidebar lists twelve organizations and projects that have received Buffett Foundation grants.
	www.dazereader.com /001703.htm (175 words)

	AFP > Resource Center \| Fundraising news > Buffett to Give Wealth to Charity
		One of those foundations is the Bill and Melinda Gates Foundation, which will receive the lion’s share of the stock, about five-sixths or 83 percent.
		The Susan A. Buffett Foundation, which has assets of $118 million, focuses on early education for children of low-income families.
		The Susan Thompson Buffett Foundation has $270 million in assets and has focused on reproductive health, family planning and preventing the spread of nuclear weapons.
	www.nsfre.org /ka/ka-3.cfm?content_item_id=23684&folder_id=2545 (350 words)

	Buffett Foundation (Site not responding. Last check: 2007-10-20)
		The Buffett Foundation is the charitable organization formed by legendary Omaha, Nebraska investor and industrialist Warren Buffett as a vehicle to manage his charitable giving.
		While it is already a major charity with annual disbursments of over USD 12,000,000, it will become far more important after his death if he carries out his long-stated intention to leave approximately 99% of his net worth to it.
		In probably the most famous case regarding this, the MacArthur Foundation was forced to divest itself of Bankers Life and Accident.
	buffett-foundation.iqnaut.net (182 words)

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