Warren Buffett Turns 82, Pledges Billions More to Charity

September 3, 2012 James Heinsman In the News

Warren Buffett, chairman and chief executive of Berkshire Hathaway, recently celebrated his 82nd birthday. Though reports claim his condition is nonfatal, Buffett’s recent diagnosis with prostate cancer has undoubtedly shaken both his professional and personal lives. Many feel that that is why he chose to donate another $3 billion of Berkshire Hathaway shares to his three children and their philanthropic organizations to celebrate his special day.

The billionaire investor already has the reputation of a very charitable man. In fact, he first pledged millions to his children’s foundations six years ago, and has since supported and expressed his appreciation for many other philanthropic organizations, including the Bill & Melinda Gates Foundation.

In an open letter to his children, Buffett explained his decision to double the initial pledges:

“I knew you would apply your considerable brain and energies in order to make the most of the funds from my gift. However, you have exceeded my high expectations.”

“I am confident you will use the money wisely, each in your own way.”

Buffett’s son Peter and his wide Jennifer founded the NoVo Foundation, which works to support girls and women who suffer from discrimination, poverty and violence all over the world. Susan Alice Buffett aims to boost childhood education on a national and regional basis through her Sherwood Foundation, while the Howard G. Buffett Foundation works towards improving the quality and standard of living in impoverished and marginalized populations across the globe.

Berkshire Hathaway, NoVo Foundation, Peter Buffett, Philanthropy, Sherwood Foundation,

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