Gates Foundation
His 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 and Melinda Gates Foundation instead. Buffett stated that he changed his mind because he has grown to admire Gates's foundation over 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.
Read more about this topic: Buffett Foundation
Famous quotes containing the words gates and/or foundation:
“We set this nation up ... to vindicate the rights of man. We did not name any differences between one race and another. We opened our gates to all the world and said: “Let all men who want to be free come to us and they will be welcome.””
—Woodrow Wilson (1856–1924)
“Surrealism is not a school of poetry but a movement of liberation.... A way of rediscovering the language of innocence, a renewal of the primordial pact, poetry is the basic text, the foundation of the human order. Surrealism is revolutionary because it is a return to the beginning of all beginnings.”
—Octavio Paz (b. 1914)