Monday, June 26, 2006

Buffett to give his billions to charity / With Gates, he sparks new era of mega-money philanthropy

Buffett to give his billions to charity / With Gates, he sparks new era of mega-money philanthropy: "Buffett to give his billions to charity
With Gates, he sparks new era of mega-money philanthropy

Yuki Noguchi, Washington Post

Monday, June 26, 2006
Investment guru Warren Buffett, whose stake in the company he founded is worth $44 billion, disclosed plans Sunday to give nearly all of it away within months, mostly to the world's largest charitable organization, the Bill & Melinda Gates Foundation.

That stunning revelation in Fortune magazine comes on the heels of Microsoft Corp. co-founder Bill Gates' announcement earlier this month that he would move from running his company to running his foundation -- and marks a golden age for philanthropy akin to that of a century ago, when industrialists such as Andrew Carnegie, John D. Rockefeller and Andrew Mellon gave vast amounts of their wealth to the arts and society.

'We agreed with Andrew Carnegie"

No comments: