Giving
The Buffett Foundation does not accept unsolicited requests, preferring instead to seek out worthy recipients on its own.
Of 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, N.C., 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 is part of a five-year, $20 million commitment that will enable IPAS to double its capacity.
Currently, the Foundation provides grants to a large range of US and a few international organisations, including the Willows Foundation in Turket (€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, 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. But the Buffett program is offering help across Nebraska. For years, the foundation capped the scholarship at about 100 students. Starting with the 2007-08 school year, the foundation lifted that cap. 770 students—including 400 new recipients this fall—held a Buffett scholarship. The foundation granted nearly $2.4 million during the 2007-08 year. Susie Buffett said she hopes the number of scholarship recipients, particularly students from the Omaha area, increases significantly next year.
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Famous quotes containing the word giving:
“One cannot be a good historian of the outward, visible world without giving some thought to the hidden, private life of ordinary people; and on the other hand one cannot be a good historian of this inner life without taking into account outward events where these are relevant. They are two orders of fact which reflect each other, which are always linked and which sometimes provoke each other.”
—Victor Hugo (1802–1885)
“Tradition means giving votes to the most obscure of all classes—our ancestors. It is the democracy of the dead. Tradition refuses to submit to the small and arrogant oligarchy of those who merely happen to be walking around.”
—Gilbert Keith Chesterton (1874–1936)
“Whenever a husband and wife begin to discuss their marriage they are giving evidence at a coroner’s inquest.”
—H.L. (Henry Lewis)