Rosenwald Fund: a Precursor of the Gates Foundation?

It has been nearly a year since Warren Buffett smashed giving records and announced his multibillion-dollar pledge to the Bill & Melinda Gates Foundation and several family foundations. Perhaps just as important as the dollar amount he donated was Mr. Buffett's emphasis on making sure the people he trusted — the Gateses and his children — were involved in giving away the money.

The Gateses, too, have made it clear that they don't intend to follow other

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