Thursday, July 06, 2006

Buffett doesn't intend to let philanthropy go on forever | Chicago Tribune

Buffett doesn't intend to let philanthropy go on forever | Chicago Tribune: "Buffett doesn't intend to let philanthropy go on forever

By Charles Storch
Tribune staff reporter
Published July 6, 2006

'We're probably a little oversized for Decatur,' said Howard Buffett.

Buffett, 51, wasn't referring to his 840-acre farm in this central Illinois city but to his foundation there -- which is growing far faster than his corn and soybeans. Its cash crop: Berkshire Hathaway Inc. stock.

His $130 million Howard G. Buffett Foundation is receiving more than $1 billion in stock from his late mother, Susan. It also will receive over the next two decades stock currently valued at about $1.1 billion from his father, Warren, Berkshire's chairman and the world's second-richest man.
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