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Well 37B ought to last about one day at todays spending for the feds and their
welfare programs.
Buffett has pledged to gradually give 85% of his Berkshire stock to five foundations. A dominant five-sixths of the shares will go to the world's largest philanthropic organization, the $30 billion Bill & Melinda Gates Foundation, whose principals are close friends of Buffett's (a connection that began in 1991, when a mutual friend introduced Buffett and Bill Gates).
The Gateses credit Buffett, says Bill, with having "inspired" their thinking about giving money back to society. Their foundation's activities, internationally famous, are focused on world health -- fighting such diseases as malaria, HIV/AIDS, and tuberculosis -- and on improving U.S. libraries and high schools.An uber rich radical. Gotta love it!!! I remember all of the that so called "Christians" gave him for those stances, vis a vis Pampered Chef boycotts. I guess he showed them who the Christian really was. Walk the walk, baby, and forget the talk BS.This last foundation was for 40 years known simply as the Buffett Foundation and was recently renamed in honor of Buffett's late wife, Susie, who died in 2004, at 72, after a stroke. Her will bestows about $2.5 billion on the foundation, to which her husband's gifts will be added. The foundation has mainly focused on reproductive health, family planning, and pro-choice causes, and on preventing the spread of nuclear weapons.
Fortune article 1
There are links at the bottom for pages 2,3,and 4, and a letter from Warren to Berkshire stockholders outlining his intentions.
Warren has always marched to the beat of his own drummer, totally ignoring internet stocks as an example. He's one of the few that didn't lose substantially in 2000. Thank you Warren, for being a good, giving human being. The projected current value of the gift is $37B.
Well 37B ought to last about one day at todays spending for the feds and their
welfare programs.
Except that it's NOT going to the government, which means it will be well spent, and it's not limited to the US. It will be spent on world scourges like AIDS, T.B. and Malaria.
Of course you didn't even click the link, Ray, or you would have know this. You have to come in with your smartass reactionary BS, and crap on his gift to humanity.
.
If i had that sort of money. I would just keep throwing it at alternative energy, medical advances,space research and devlopment. Oddly enough that is where alot of US government money goes R&D for military, National healh grants, and such.
Well you know me, just an old SA. But I just have to wonder. Is this
going to be like the 1 billion old what his face was going to give to the
UN, Turner?
I know you like the term "humanity". Well, I am a human, do I get my share?
wow...you are deeply misguided.
xray is anti altruistic charitable donations (unless he gets a cut?)
No I am part of humanity. He said it was for humanity. Nice word but
not fitting for what he was trying to say. Dummy!
wow.
a gift to humanity means that you personally must get a taste?
you have a uniquely selfish world view. none the less, i give you credit for calling me the name "dummy." that proves you are correct.
although your bank account won't benifit directly, all of humanity is served by gaining the resources to better fight international scourges such as AIDS (or, as you and your friends call it, the cure for sexuality)
^^tsk....tsk....tsk.....such an outpouring of wrath for part of humanity.....
And such talk about AIDS victims. You don't know much about that either.
Many in developing countries that have the disease are straight. Now why
they caught the disease is another story. And children that have the diease at
no fault of their own. But to you it more than likely doesn't matter, because they
could have been aborted to begin with. With the money for humanity.
great point... my platform is abort every fetus possible. that is what i stand for.
it is funny how you draw distinctions between gays with AIDS and others with the disease. this is telling and is why i included the barb in my previous post about how you and your friends likely view AIDS as "the cure for sexuality."
you indicated that you do not believe this, but only because some heterosexuals can get the disease as well. you expressed sympathy for heteros and children with aids, but not for s with AIDS, because you are a misguided/moralistic bigot. you are humorous on more than one level.
^^you get what you ask for. There are methods for preventing the disease, but
not at the local park, roadside park and public restroom. Most want to
partake of the glory holes. And still want to be like normal heterosexual couples.
Give me a break. They are what the are. And you are what you are. And I am
what I am. I make no apologies for myself. I have nothing to be ashamed of.
you are what you are.
i am what i am.
at least we both hate them gots!
gitrdone!
Sure, just take a number. When the rest of the world has been brought up to your standard of living, your number will be called.
You're obviously trailer trash, so we'll position you in the bottom third of the US standard of living. That's 200,000,000 behind of you in line. Tack on another 250,000,000 in Europe, probably 100,000,000 in Japan and the Far East, and a misc 10,000,000 in the rest of the world. (sutract..carry the three...)
Your number is 6,075,314,336. There are magazines for you to read while you wait.
Funny how giving $ to Bill Gates is now considered a 'gift to humanity'. Funny .
I know. Foundation. Whatever.
Props to the generally free system that allowed Buffett, Gates, and the rest to make theirs. Maybe the GOP, DNC, XYZ, etc...won't it up yet.
Watch out he's gonna start eatin spinach and his tattoo's gonna get real big!!
If you read the sitdown interview, he's actually very clear that he's giving through Bill Gates, but not to Bill Gates. There are annual threshholds of giving/dispersal that the Gates foundation needs to meet to continue to receive the distributions.
There were pretty good reasons for it, too. Their foundation is already equipped to manage and disburse assets in the tens of billions. His was not, and would have had massive growing pains over years to get there.
Spoken like a true liberal. We will tell you when we will give and you better
be grateful. We know where you stand in the community. Which quite
obviously proves only one thing. You know very little.
As far as your statement about to and through Gates foundation. The
story as I read it says:
Buffett donates $37 billion to charity
June 26, 2006 14:16
The world's second-richest person, Warren Buffett, is donating $37 billion - more than 80% of his fortune - to the charitable foundation run by his friend Bill Gates.
The move is the biggest-ever single act of charitable giving in the US.
Mr Buffett will hand 10 million shares in his Berkshire Hathaway firm to the Bill and Melinda Gates Foundation.
The announcement from Buffett, 75, comes just days after Microsoft Chairman Gates said he would move away from his day-to-day role at the software giant to focus more on charity work.
The Gates foundation is one of the world's richest philanthropic organisations and aims to fight disease and promote education around the world.
Buffett, chief executive of Berkshire Hathaway, is worth an estimated $44 billion, according to Forbes magazine.
That makes him the world's second-richest man behind Gates, who is worth about $50 billion
Where does it say through? All I see is "to". One story said he had
one stipulation, the money had to be spent in the year given. With the
first donation being 1.5 billion. And four other charities are involved.
All run by his Children......
Your number is 6,075,314,336. There are magazines for you to read while you wait.[/QUOTE]
AIDS in Africa. Like ray and his friends, I'm not that into black people anyway. Plus, the whole AIDS thing is a little gay.
I say that we do what he suggested and just donote a couple million to XRAYZEBRA. Otherwise, we will just be "liberals". Also, he and his buddies could put the money to good use for front row seats to see Larry the Cable Guy.
I can't believe this thread has turned into an arguement.
@ Xray asking for a handout. What a liberal!
Did you read the Fortune article or were the words too big?
If you follow the boucing ball, which I know is hard for you, the requirement that Gate's foundation spend everything it is now, PLUS the entire Buffett gift each year means throughput, or the money is only going through the BMG foundation.Berkshire's price on the date of each gift will determine its dollar value. Were B shares, for example, to be $3,071 in July - that was their close on June 23 - Buffett's 2006 gift to the foundation, 500,000 shares, would be worth about $1.5 billion. With so much new money to handle, the foundation will be given two years to resize its operations. But it will then be required by the terms of Buffett's gift to annually spend the dollar amount of his contributions as well as those it is already making from its existing assets.
Don't get so huffy. I was only applying your own standards...to you. "Anyone with their hand out is s ". You had your hand out.
Priest: Buffett is 'Dr. Mengele of philanthropists'
Alliance with Gates foundation irks anti-abortion activists
NEW YORK (AP) -- Warren Buffett's new philanthropic alliance with fellow billionaire Bill Gates won widespread praise this week, but anti-abortion activists did not join in, instead assailing the two donors for their longtime support of Planned Parenthood and international birth-control programs.
The Bill and Melinda Gates Foundation, to which Buffett has pledged the bulk of his $44-billion fortune, devotes the vast majority of its funding to combating disease and poverty in developing countries. Less than 1 percent has gone to Planned Parenthood over the years. And the Gates Foundation does not permit its gifts to Planned Parenthood to be used for abortion services.
"The merger of Gates and Buffett may spell doom for the families of the developing world," said the Rev. Thomas Euteneuer, a Roman Catholic priest who is president of Human Life International.
Referring to Josef Mengele, the infamous Nazi death camp doctor, Euteneuer said Buffett "will be known as the Dr. Mengele of philanthropy unless he repents."
The Planned Parenthood Federation of America issued statements praising Buffett and Gates for their generosity. Gloria Feldt, a former Planned Parenthood president, said she was appalled by the harsh attacks on them.
"What an outrage that these people have the gall to cast aspersions on other citizens for standing up for what they believe," Feldt said Thursday. "They have no right whatsoever to criticize people who put their money where their mouths are."
The foundation founded by Buffett, and now named after his late wife, Susan, came under fire from some anti-abortion groups in the 1990s after it gave $2 million to fund clinical trials of mifepristone, more commonly known as the RU-486 abortion pill. The foundation also has supported various abortion-rights and family-planning groups, and Susan Buffett was eulogized after her death in 2004 as a champion of women's reproductive health.
Tony Perkins, president of the conservative Family Research Council, wrote a commentary this week holding the Buffetts partially responsible for the approval of RU-486 in 2000.
"Since then, approximately 500,000 American babies have been killed with RU-486," Perkins wrote. "Buffett's billions have the potential to do damage like this on a global scale."
Staff at the Susan T. Buffett Foundation office in Omaha, Nebraska, said its executive director, Allen Greenberg, would have no comment on the criticisms.
The Gates Foundation also is a patron of reproductive-health programs, funding research on new contraceptive technologies and initiatives to improve access to birth control.
Planned Parenthood, which is the leading provider of abortions in the United States, has received $34 million from the Gates Foundation over the years -- out of a total of $10.5 billion in grants worldwide, according to foundation spokeswoman Jacquelline Fuller. She said the foundation does not fund abortion services, earmarking the grants for other Planned Parenthood programs.
Joseph D'Agostino, a spokesman for the anti-abortion Population Research Ins ute, said the foundation position "is simply dishonest."
"Abortion services are the primary mission of Planned Parenthood," he said. "If you fund one side of an organization, that frees them up to transfer funds to the other things they do."
Feldt confirmed that the Gates Foundation stipulated that its gifts to Planned Parenthood not be used for abortion services. But that policy has not spared Bill Gates' Microsoft Corp. from anti-abortion protests over the years.
At the 2003 annual shareholders meeting, anti-abortion activists cited Microsoft's support for Planned Parenthood during an unsuccessful attempt to stop the company from directly contributing to charities.
Beyond the issue of abortion, some critics oppose the Buffett and Gates foundations' support for global family-planning and population control programs.
"Some of the wealthiest men in the world descend like avenging angels on the populations of the developing world," wrote Population Research Ins ute president Steven Mosher, a frequent critic of Gates and Buffett. "They seek to decimate their numbers, to foist upon vulnerable people abortion, sterilization and contraception."
http://www.cnn.com/2006/US/06/29/bil....ap/index.html
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