Tuesday, June 27, 2006

Gold standard philanthropy - The Boston Globe

Gold standard philanthropy - The Boston Globe: "Gold standard philanthropy

By Scot Lehigh, Globe Columnist | June 27, 2006

WARREN BUFFETT, the oracle of Omaha, is as revered in the investment world as the Oracle at Delphi was in the ancient world.

And now, unlike that ancient oracle, Buffett, 75, has delivered a decidedly unambiguous message: It's important to do something worthwhile with your wealth -- and to do it while you're still alive.

Not only is Buffett giving the bulk of his fortune away, in a shrewd and modest move he will transfer most of it to the Bill & Melinda Gates Foundation. That announcement nips at the heels of news that in 2008 Bill Gates will relinquish his full-time role at Microsoft Corp. to devote most of his time to philanthropy."

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