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The Single Largest Monetary Donation in History

2006.06.26.16.41 · 4 comments

From /.

Warren Buffet, the world’s second richest man, announced over the weekend that he will soon donate 85% of his entire net worth, weighing in at around $37 Billion, to charities, with over 80% of it going to the Bill and Melinda Gates Foundation. This makes it the single largest monetary donation in history.

Although many would question decisions like that, one commenter notes:

When you have that kind of money you can get rid of 90% of it and still be extremely wealthy. It’s self generating after a certain point…as long as you don’t spend like Michael Jackson. If anything he will gain more influence. That kind of philanthropy opens all kinds of doors…want an example? Check for opinions on Bill Clinton and Bush Sr. after the fundraising they’ve done for the big Tsunami and Katrina. They didn’t even have to personally donate huge amounts and they both look better than they ever did when they were in office. Buffet and the Gates’ will probably go down in history as the biggest philanthropists of the 2000′s. Hell, depending on what the Gates’ do in the next 20 years, Microsoft might only be a footnote in the history books compared to their philanthropy…same for Buffet.

I guess it’s not always necessarily evil to be rich. This could be my pretext! ;)

{ 4 comments… read them below or add one }

A June 27, 2006 at 7:07am

and i’ll donate 95% of my entire wealth by the year 2046. roughly, the figure amounts to six dollars and a laptop. phooey!

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mussolini June 27, 2006 at 7:11am

cheers to billions!

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Blastafuzix June 30, 2006 at 7:23pm

Whoa damn, i can take 10% of his donations :D

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Robert November 17, 2006 at 9:39pm

Your comments about Warren Buffet are interesting. But there is non need to be rich to do somehting for the poor countries.

I would like to mention here a new website of a non-profit NGO called Donationpixel.

Their goal is to collect money for different humanitarian projects around the world.

Their website offers the visibility of the donor – this could be interesting for many companies – the choice of the project and the country, and also the visibility of the work done in the field. They also give answers to different questions, like “Where goes my money?” or “what do they do with it?”.

It seems to be an interesting new approach to encourage donations for vulnerables in poor countries. The URL is

http://www.donationpixel.org/

Maybe a new way to attract more donation.

Thanks for your attention.

Robert

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