“Warren Buffett changes giving plans (for the worse)” by katriel

This is a link post.

Folks in philanthropy and development definitely know that the Gates Foundation is the largest private player in that realm by far. Until recently it was likely to get even larger, as Warren Buffet had stated that the Foundation would receive the bulk of his assets when he died. A few weeks ago, Buffet announced that he had changed his mind, and was instead going to create a new trust for his assets, to be jointly managed by his children. It's a huge change, but I don't think very many people took note of what it means ("A billionaire is going to create his own foundation rather than giving to an existing one; seems unsurprising."). So I created this chart:

The new Buffet-funded trust is going to be nearly twice as large as the Gates Foundation, and nearly 150% larger than most of the other brand [...]

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First published:
July 15th, 2024

Source:
https://forum.effectivealtruism.org/posts/bqi2M8oayRDvuGQg9/warren-buffett-changes-giving-plans-for-the-worse

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Narrated by TYPE III AUDIO.

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