Monthly Archives: August 2012
August 30, 2012, 2:44 pm
Warren Buffett said today he would give each of his three children $1-billion to donate, in addition to the $1-billion gifts he made to each of their philanthropies in 2006.
To celebrate his 82nd birthday, he said in a letter to his children that he is awarding 12,220,852 Berkshire Hathaway Class B shares to each of their foundations.
Mr. Buffett made history in 2006 when he pledged stock, then worth more than $30-billion, to the Gates Foundation and about $3-billion to a foundation established by his late first wife, Susan Thompson Buffett.
He also pledged stock valued at roughly $1.2-billion apiece to each one of the three foundations created by his children, Susan, Howard, and Peter.
While the value of the stock has fluctuated over the years, Mr. Buffett has been steadily paying off all of his 2006 pledges every year since.
Mr. Buffett’s daughter, Susan Buffett,…
August 21, 2012, 9:10 am
In just a few days, the nation will mark the seventh anniversary of Hurricane Katrina and a few weeks later, the 11th anniversary of the terrorist attacks on the World Trade Center and Pentagon.
Those disasters posed major challenges for the philanthropic world, as donors wanted to help but weren’t always sure how they could. Now a new organization plans to help such donors—and to ensure that more money goes to the projects most in need.
The new Center for Disaster Philanthropy wants to get more information to donors and help them pool their money so their gifts can make a bigger difference.
Today the organization announced that it has tapped Bob Ottenhoff, who for the last 10 years served as the chief…
August 20, 2012, 6:36 pm
The Laura and John Arnold Foundation has created a new online forum to help philanthropists learn about charities and then connect with the ones that interest them.
The new Web site is called the Giving Library and includes videos from 250 nonprofits hoping to catch the attention of donors who visit the site. The videos detail each organization’s history, mission, challenges, and plans as well as the results they have achieved.
Donors who find them interesting can then anonymously seek out more information.
Foundation officials are evaluating 100 more charities that hope to be added to the site, says Meredith Johnson, a spokeswoman for the Arnold fund.
Charities that are interested in being added to the library can apply online.
To be considered, a nonprofit must show proof of its tax-exempt status, including its Form 990 informational tax forms. The foundation then…
August 1, 2012, 12:17 pm
For major-gift fundraisers and aficionados of the super rich and their charitable impulses, the Foundation Center has something for you: a new Web page profiling the 81 wealthy families who’ve joined the “Giving Pledge.”
The pledge was hatched by Bill & Melinda Gates and Warren Buffett to encourage their fellow billionaires to give. People who sign on must commit to donating at least half their net worth; for the 81 families, that amounts to roughly $200-billion.
The Foundation Center’s “Eye on the Giving Pledge” profiles those 81 megaphilanthropists and slices some data on the donors. It finds, for example, that the biggest share of donors (35 percent) are 65 to 79 years old. Health causes are the most favored by the donors, followed by human services and education.
More of the Giving Pledge members made their money in banking and investments (29 percent) than in other…