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Buffet: Philanthropy with a capital P.

Warren Buffet has announced that starting in July, he’ll begin to give away about 85% of his vast fortune. As of now, that’s about $37 Billion.

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).

FORTUNE Magazine: Warren Buffett gives away his fortune

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Written by Jeff

Sunday, June 25, 2006 at 1:20 pm

Posted in News Tidbits

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