Warren Buffett’s first home has been sold in an online auction to a businessman who plans to use the Omaha bungalow to serve his favorite charity, according to the Omaha World-Herald.

John Morgan, a former Omaha resident and a shareholder in Mr. Buffett’s Berkshire Hathaway investment firm, bought the 1,200-square-foot, 88-year-old house for $150,100 on eBay.

Like Mr. Morgan’s previous purchases of a Buffett portrait and the billionaire philanthropist’s wallet (for $100,000 and $210,000, respectively), he bought the home on behalf of the nonprofit group Girls Inc.

Mr. Buffett lived in the house with his parents and two sisters until the family moved when he was 6 years old.

Mr. Morgan said he intended to preserve the structure in a manner that “protects the integrity of the Buffetts and also benefits Girls Inc.” in an as-yet-unspecified way. “There’s a lot of ideas floating around,” he said.