Warren Buffett's Children and Their Philanthropic Future

Warren Buffett's Children Prepare to Give Away Their Fortune

OMAHA, Neb. (AP) — Warren Buffett's adult children — Susie, Howard, and Peter Buffett — have long track records as philanthropists, giving away more than $15 billion of their dad's money through their foundations since 2006. However, they have often flown under the radar as a major force within philanthropy. Now, with their father entrusting them to donate the remainder of his fortune following his death, the next generation of Buffetts is poised to donate around $144 billion, based on current estimates, within a decade.

Foundations and Their Focus

The Buffett family foundations have supported various causes. The Susan Thompson Buffett Foundation focuses on reproductive health care, donating $8.4 billion to organizations such as Planned Parenthood. Critics argue that its lack of a public grant application process can perpetuate inequities.

• Susie Buffett is chair of this foundation, which has significant influence in reproductive health.

Another foundation led by Susie is the Sherwood Foundation, a staunch supporter of early childhood education. It funds the Buffett Early Childhood Fund, distributing hundreds of millions for research and advocacy without strings attached, showcasing a model of trust-based philanthropy.

• The Howard G. Buffett Foundation primarily addresses food security and conflict mitigation globally, supporting farmers and humanitarian efforts.

Meanwhile, the NoVo Foundation, co-directed by Peter Buffett, has shifted its focus towards supporting Native American organizations and promoting sustainability.

Looking Ahead

As the Buffett siblings prepare to manage their father's considerable legacy, their philanthropic impact is expected to increase significantly, reshaping the landscape of American philanthropy.