The Susan Thompson Buffett Foundation is a charitable organization formed 1964 in Omaha, Nebraska , by investor and industrialist Warren Buffett as a vehicle to manage his charitable giving. It was known simply as the Buffett Foundation until 2004, when it was renamed in honor of Susan Buffett , who died that year.
16-491: As of 2014, the Foundation ranked fourth among family foundations by grants paid. It invests heavily in reproductive health and family planning grants across the world, including substantial investments in abortion and contraceptives. According to Mother Jones , the Foundation is known for its focus on abortion access and for its "secrecy...often appearing under grant acknowledgements only as 'an anonymous donor.'" Allen Greenberg,
32-775: A 2010 interview with her brother Howard Graham Buffett , Buffett's philanthropic focus has consistently remained on children, education and family issues, but she has also committed to other causes, including The ONE Campaign, a non-governmental organization dedicated to various improvements in Africa . In 2015 Buffett did the honors of breaking a bottle of champagne on the bow of the USS Omaha (LCS-12) . Buffett has been active in Democratic politics, and in 2013 Hillary Clinton came to Omaha to join Buffett's 60th birthday celebration. In 2021 it
48-482: A job at the New Republic . Her parents lived separately from the late 1970s onwards, though they remained married until her mother's death in 2004. Despite his wealth, Warren Buffett encouraged his children to be financially independent; Susan Buffett recalled in 2006 that in spite of her father's generosity, he once refused her a personal loan of $ 41,000 to expand her kitchen. In 1983, Buffett wed Allen Greenberg,
64-789: A lawyer for Public Citizen , whom she had met in Washington. In 1987, Greenberg became the first director of the Buffett Foundation, a title he retained after the couple's divorce in 1995. Buffett established the Sherwood Foundation in 1999 to fund local groups in the Omaha area. In 2005 she founded the Buffett Early Childhood Fund to fund philanthropy centered on childhood, and to help children from disadvantaged backgrounds. She also help support Daniel Beaty 's show on race in
80-624: Is an American real estate agent franchise company founded in 1971. The system consists of approximately 14,000 independently owned and operated franchised broker offices in 86 countries and territories worldwide with over 147,000 sales professionals. Century 21 Real Estate is headquartered in Madison, New Jersey . Century 21 Real Estate (Century 21) was founded in 1971 by two real estate agents, Art Bartlett and Marsh Fisher, in Orange County , California . Here Bartlett reveals how they decided on
96-739: The National Abortion Federation . It has also funded the Guttmacher Institute , which tracks demographic and legislative trends, and Gynuity Health Projects, which focuses on medication abortion . Warren Buffett's intention was originally to leave 99% of his estate to the Buffett Foundation, but in June 2006 he announced that he would give 85% of his wealth to the Bill & Melinda Gates Foundation instead. Buffett stated that he changed his mind because he has grown to admire Gates's foundation over
112-612: The welfare of children from lower-income families. Born in Omaha in 1953, Buffett, commonly called Susie, is the eldest child of Warren Buffett . She attended the University of Nebraska–Lincoln , where she majored in home economics, and studied at the University of California, Irvine, where she majored in social ecology. After college she started working at Century 21 Real Estate , where she initially worked as an assistant to Arthur E. Bartlett . She then moved to Washington, D.C. and took
128-543: The $ 17.6 million that the Buffett Foundation donated in the fiscal year ended June 30, 1999, nearly $ 3.8 million went to Planned Parenthood , among its top contributors. It also involves itself directly at the clinic level. International Projects Assistance Services (IPAS) , based in Carrboro, North Carolina, manufactures a handheld suction pump used in developing countries to initiate abortions. The Buffett Foundation has backed IPAS for years. Its 1999 contribution of $ 2.5 million
144-464: The Foundation had nearly $ 4 billion in assets. In 2007, Omaha's Building Bright Futures initiative promised financial support to low-income students in the area who wanted to attend college. In the 1990s, the Buffett Foundation helped finance the development of the abortion drug RU-486 . Between 2001 and 2014, the foundation contributed over $ 1.5 billion to abortion related causes, including at least $ 427 million to Planned Parenthood and $ 168 million to
160-725: The United States. As of 2010, Buffett was the chair of three of the Buffett Foundations - the Sherwood Foundation, the Susan Thompson Buffett Foundation, and the Buffett Early Childhood Fund, which are located on the Conagra campus in Omaha. Buffett also became involved in the Omaha Community Foundation, a local nonprofit that works to improve the quality of lifesidents of the Omaha area. According to
176-541: The executive director of the foundation, was married from 1983 to 1995 to the Buffetts' daughter, Susie , who is chair. The Buffett Foundation was set up in 1964 but had no director until Greenberg took the job in 1987. Susan Buffett's will bestowed about $ 2.5 billion on the foundation, to which her husband's further gifts of $ 315 million have been added. The Buffett Foundation does not accept unsolicited requests, preferring instead to seek out worthy recipients on its own. Of
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#1732863358358192-459: The mid-1960s. Susan Alice Buffett Susan Alice Buffett is an American philanthropist who is the daughter of Warren Buffett and Susan Thompson Buffett . Her charitable work has focused largely on the Sherwood Foundation and the Buffett Early Childhood Fund, organizations in Omaha that provide grants in public education , human services, and social justice in the interest of promoting
208-442: The name: We were brainstorming at lunch one day - my former VP and I - and I said the name had to sound like it had been around for a long time. [...] My former VP suggested 20th Century Realty. I thought it would be impossible to get the name registered. He said 21st Realty, but I didn't like that. He then said, "How about Century 21?" I liked it, though it sounded futuristic. [...] I called Marsh and told him, but he thought it
224-534: The years; he believed that the Gates Foundation would be able to use his money effectively because it was already scaled-up. "Susan's Foundation" is to receive a bequest of about $ 3 billion over a span of many years. The vast bulk of Buffett's wealth consists of his personal holdings in Berkshire Hathaway , a conglomerate of which he controls almost 40% directly, and which he has managed personally since
240-535: Was announced that Buffett had joined the board of Berkshire Hathaway, and two years later she and her two siblings were entrusted with the sizeable task of donating all their father's wealth to foundations of their choice following his death, at which time regular donations to the Gates Foundation will cease. In 2014 the United Way named her Citizen of the Year. Century 21 Real Estate Century 21 Real Estate LLC
256-744: Was part of a five-year, $ 20 million commitment that will enable IPAS to double its capacity. The foundation provides grants to a large range of U.S. and a few international organizations, including the Willows Foundation in Turkey (€2.3 million), the World Food Programme in Italy (€800,000), Marie Stopes International in the UK (€571,000); and Grupo de Informacion en Reproduccion Elegida in Mexico (€196,000). By 2008,
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