With Gates, he sparks new era of mega-money philanthropy
Yuki Noguchi, Washington Post
Monday, June 26, 2006
Investment guru Warren Buffett, whose stake in the company he founded is worth $44 billion, disclosed plans Sunday to give nearly all of it away within months, mostly to the world's largest charitable organization, the Bill & Melinda Gates Foundation.
That stunning revelation in Fortune magazine comes on the heels of Microsoft Corp. co-founder Bill Gates' announcement earlier this month that he would move from running his company to running his foundation -- and marks a golden age for philanthropy akin to that of a century ago, when industrialists such as Andrew Carnegie, John D. Rockefeller and Andrew Mellon gave vast amounts of their wealth to the arts and society.
'We agreed with Andrew Carnegie"