Monday, June 26, 2006

Buffett gift to Bill and Melinda Gates foundation

I like the Bill and Melinda Gates foundation. I like it a lot, and apparently so does Warren Buffett: Warren Buffett gives away his fortune.

That Buffett would give his fortune away to another foundation is wonderful. As this Fortune magazine article states, "...it is typical Buffett: rational, original, breaking the mold of how extremely rich people donate money." Most people in that sort of position (all five of them) would want their own foundation, would want control. Now I know that Buffett will be joining the Gateses as a trustee of the foundation, but you have to appreciate Buffett‘s thinking on this. “The generosity and trust Warren has shown,“ Gates adds, “is incredible.”

This is so very impressive. My hat is off!

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