25 June 2006
Warren Buffett has announced plans to make substantial annual donations to five foundations. You can read the five letters at the Berkshire Hathaway site. You really should. You’ll gain some insight into how the really large sums of money change hands.
Rick Warren launched his P.E.A.C.E. plan. Beyond merely identifying his notion of the globe’s five (previously) insoluble problems, he’s thinking of the ways that technology and coordination can help the efforts of the many service initiatives around the world. In effect he’s identified the five really large problems in the world today.
Bill Gates has a 2-year plan that allows him to migrate from full-time duty at Microsoft to full-time focus on the efforts of the Bill and Melinda Gates Foundation. With today’s announcements by Warren Buffett, the Gates Foundation will have to find ways to double the amount of money they distribute annually by 2009.
Filed under: Investing