August 19, 2004
Bequest Moves Buffett Fund Into Ranks of 20 Largest
The family foundation created by Warren E. Buffett and his late wife, Susan, will soon become one of the country's 20 wealthiest philanthropies. Ms. Buffett, who died last month, left the Buffett Foundation the bulk of her stock holdings, currently valued at $2.6-billion.
As of 2003, the Buffett Foundation, in Omaha, had just $7.2-million in assets. The bequest from Ms. Buffett is expected to be received by the fund within the next two years, as her estate is settled.
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