Way To Go Warren!
by Michael HoffmanMonday, June 26th, 2006
I don’t think anyone in the nonprofit world can ignore the announcement yesterday that Warren Buffet will give away 85% of his fortune starting next month. What is most interesting about this story is that he is giving most of it to the Gates Foundation. In this context, Bill Gates’ decision to leave Microsoft in two years makes a lot of sense. Buffet is doubling the size of the $30 Billion Bill and Melinda Gates Foundation in what is the largest act of philanthropy ever by anyone.
What is also interesting here is Buffet’s lack of ego. Seriously, with that kind of money it would be super easy to start your own foundation and hire the best minds to run it. You could ensure that your name and legacy will continue in perpetuity. I think it takes an amazing person to think, “this Bill Gates is really smart and if he is going to dedicate his second career to changing the world for the better then there is no better use of my money than to let him have all the resources he needs to do it.” As we say in Jewish, Kol HaKavod to Mr. Buffet. May many other rich folks follow in his footsteps.

