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 Editor in Chief 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.