July 1, 2010; Source: Seattle Times | Because Berkshire Hathaway stock has increased in value over the past year, Warren Buffett’s 2010 payment on its pledge to the Gates Foundation has gone up by 30% over last year, ringing in at a resounding $1.62 billion. On Friday of last week, the Wall Street Journal estimated the worth of Buffett’s overall pledge to the Gates Foundation at $39 billion. For more on a related story see Buzz Schmidt’s recent article on the subject of Billionaire philanthropy.—Ruth McCambridge
About The Author
Ruth is the founder and Editor Emerita of the Nonprofit Quarterly. Her background includes forty-five years of experience in nonprofits, primarily in organizations that mix grassroots community work with policy change. Beginning in the mid-1980s, Ruth spent a decade at the Boston Foundation, developing and implementing capacity building programs and advocating for grantmaking attention to constituent involvement.