10/22/06

Another Buffet Charitable Spend-Down

Howard Buffett, Warren Buffett's son and recipient of $1.1 billion of the elder Buffett's disbursed fortune, plans to operate his Howard G. Buffett Foundation until a date in the distant future, at which point he will give away his remaining assets and shut down.

The foundation, whose assets will soon increase to $2.2 billion from $130 million, supports efforts to increase food production and clean water in Africa.

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