Sunday, June 25, 2006


"Warren Buffett Gives 30 B to Gates, 3.3B to promote RU486"
Wall Street Journal ^ | 26 June 2006 | KAREN RICHARDSON

Posted on 06/25/2006 7:09:19 PM MDT by Excellence

In a dramatic shift in his philanthropic plans that will create a colossus in the world of giving, Berkshire Hathaway Inc. Chairman Warren Buffett, the world's second richest man, plans to give away the bulk of his fortune to the Bill & Melinda Gates Foundation, run by the world's richest man.

Mr. Buffett also made pledges to the Susan Thompson Buffett Foundation, named after his late wife,...

The Susan Thompson Buffett Foundation, which has $270 million in assets, will receive one million B shares, or about $3.1 billion at current prices.

The Susan Thompson Buffett Foundation has been a quiet force in the controversial area of population control. It has made substantial donations to supporters of abortion rights, such as the Center for Reproductive Law and Policy, National Abortion Rights Action League and Planned Parenthood. The foundation has also given money for the development of mifepristone, the key ingredient in RU-486, also known as the "abortion pill."

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