Have you ever considered what you might want to do with $100,000?
Billionaire investor Warren Buffett is providing this opportunity to students that have enrolled in his online class. They have the opportunity to spend $100,000 worth of his sister’s money, we learned according to the Associated Press.
This course is designed to teach students all about philanthropy, and it will provide tips and advice from people like baseball legend Cal Ripken Jr. and Tom Werner, chairman of the Red Sox organization.
The course has over 4000 people that have signed up, and if more people continue to sign up, the amount of money that will be given away may even increase over time. As you may or may not know, Warren Buffett is currently working on a plan that will eventually give away $58 billion worth of Berkshire Hathaway stock. Doris Buffett, Warren’s sister, is also working on her own plan to redistribute her wealth before she passes on from this world. She has already given away more than $150 million.
At the end of each of the six class sessions, the biggest names in philanthropy will provide advice in this endeavor. They will talk about all of the different types of philanthropy and how to give.
Larry Lucchino, Red Sox president and CEO, along with principal owner John Henry and Tom Werner created the Red Sox Foundation in 2002 right after they purchased the team. This organization supports a wide range of charitable donations and nonprofit companies, and after only eight seasons, they are the biggest organization of its kind in Major League Baseball. They give away millions of dollars each year, we learned from Learning by Giving Foundation.
The online course – known as Giving with Purpose – is currently modeled after a class that is being presented at Universities all around the United States of America. The University class gives students the ability to evaluate a number of nonprofit organizations, and then effectively give away $10,000 at the completion of the course.