
Buffett announced that he will give more than 80 percent to foundations that support charitable causes. In the year 2020, Buffett increased that percentage to 99 percent. The primary beneficiary was the Bill & Melinda Gates Foundation, which was founded by Microsoft founder Bill Gates and his then wife, Melinda--which focused on issues of world education and health. Bill and Buffett have maintained a close relationship since the early 1990s. Other organisations that received donations were those run by Buffett's children and the Susan Thompson Buffett Foundation named after his late wife. The foundation focused on reproductive health of women and was able to provide college scholarships. In the year 2010 Buffett as well as the Gateses established the Giving Pledge, an invitation to wealthy people to give the bulk of their fortune to charities.
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