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Some Past Proposed Specific Time Limits on Tax Benefits for Private Foundations
Foundation: Ewing Marion Kauffman Foundation, Lynde and Harry Bradley Foundation, Rockefeller Foundation
Warren Buffett says most of his fortune will be put into a new charitable trust once he's dead, the Wall Street Journal reports.
The billionaire Berkshire Hathaway CEO made the announcement in an interview with the Journal's Susan Matthews.
"I'm going to leave 99% of my wealth to the foundation," says the 83-year-old Buffett, who has pledged to give away 99% of his wealth in a public letter to donors a decade ago.
"I think it's a good idea."
Buffett's two sons and a daughter will oversee the trust, and it's not clear whether it will be "sunset" or "perpetuities," Inside Philanthropy reports.
"Nothing will go to endowments; I want the money spent on current needs," says Buffett.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
National Planning Secretary Koney Samuel says the government must focus on high impact investments to transform the economy in the next five to 10 years.Mr Samuel said the country cannot afford to...more
ABC Impact, the Asia-focused impact investment firm, has successfully completed the final closing of its second fund at over USD 600 million.ADB's investment in ABC Impact Fund II reflects our...more
Game-changing heart health innovations pitched live at inaugural Catalyst Partnership Grants Showcase.The two-day event, held at the Grand Hyatt on 25 26 March, brought together more than 300 people...more
'Crucial for climate impact': Ag startups from APAC sought for new accelerator programme.Ten founders will be selected, with the programme culminating in a demo day on Thursday, November 6 in...more
ABC Impact's 2024 Impact Review highlights the firm's continued growth and strategic focus across sectors vital to Asia's sustainable development.The firm remains committed to deploying capital into...more
Impact in listed equities can deliver competitive returns, report says.Report by Schroders and the Said Business School.Findings challenge the assumption that purpose-driven investing requires...more
Grant awards promote Hernando smartphone app, Dickens of a Christmas.grant award of $5,000 will help continue the cultural part of the Dickens Of a Christmas event each November.This brings the total...more
ASIC received 60 submissions from a variety of stakeholders.It added sections on climate scenario analysis and disclosing Scope 3 emissions.The regulator also provided more information around how it...more
The report provides a comprehensive overview of the company's financial performance, business operations, and strategic initiatives.The company operates five business segments: Range Reclaim, Range...more
The One Earth Summit was held in Hong Kong on March 28.The theme was 'Driving systemic change towards a sustainable future through impact investment and technological innovation' It attracted over...more
Social Entrepreneurship
Spotlight
Social Enterprise Is Re-Housing Unwanted Furniture
Weston Mill-based social enterprise Surplus Rescue CIC (Community Interest Company) recycles and finds homes for unwanted furniture. To date, it has received “extensive amounts” of quality second-hand furniture including desks, pedestals, cupboards and office chairs from a former local authority office equipment – and wants to find them a good home.
