Charity foundations make up a legal class of nonprofit organizations often set up for a charitable purpose, corporate purposes, and family heritage. The Warren Buffett charity foundation is one of these organizations with Buffett being one of the founders. The foundation was later renamed the Susan Thompson Buffett foundation after his late wife.
The united states businessman is a profound giver, pledging most of his fortune to charitable foundations and trusts created by his family. He supports some charity organizations including; the Howard G. Buffett Foundation, the Susan A. Buffett Foundation, the Susan Thompson Buffett Foundation and the NoVo Foundation. The Bill Gates foundation has also significantly benefited from his $37 billion donation which is his most substantial ever charitable donation.
His charities aim to support; disadvantaged/at- risk youths, children, women, health, education, disaster relief, poverty, creative arts, unemployment/ career support, cancer, blood, marrow and organ donation, family/ parent support, homelessness, human rights and animal rescue. With most of his donations going to planned parenthood and health.
The foundation also provides grants to a wide range of united states and other international organizations such as the willows foundation based in Turkey. The foundation has offered scholarships to almost 800 students attending college with the number of supported students increasing each year significantly. The Buffett foundation seeks to find worthy recipients of its avoiding unsolicited requests.
Warren Buffett is one of the world’s wealthiest people has continued to inspire the society with his big heart of charity. His selfless donations and his charity foundation have had a significant impact on community especially the needy and less fortunate. Surely the world has a lot to learn and gain from this selfless billionaire who has been a knight in shining armor to many. Mr. Warren Buffett continues to be more successful financially even after his many donations.