
Buffett stated that he would donate more than 80 percent to charitable foundations. In the year 2020, Buffett increased that amount to 99 percent. Bill & Melinda Gates Foundation, created by Bill Gates and Melinda (the Microsoft founder) was the principal beneficiary. The foundation was focused on education and global health. Bill and Buffett had been in contact since the 1990s. The three Buffett children, as well as the Susan Thompson Buffett Foundation (named after his wife) were among the organizations that were the recipients of donations. They were concerned with women's reproductive rights, funded scholarships for college students, and also various other charitable organizations. In 2010, Buffett as well as Gates Gateses established the Giving Pledge, an invitation to wealthy people to give the bulk of their fortune to charities.
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