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Buffett Foundation, Susan Thompson (fka Buffett Foundation)
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| Funder type: |
Foundation |
| Address: |
222 Kiewit Plaza
Omaha, NE 68131 |
| General Telephone: |
402-451-6011 |
| IRS 990PF #: |
402-943-1300 |
| Scholarship Info: |
402-943-1383 |
| Contact: |
Allen
Greenberg, Executive Director
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| EIN: |
476032365 |
| Url: |
http://www.buffettscholarships.org
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| Email: |
buffettfound@aol.com
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| Email: |
scholarships@stbfoundation.org
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| Geographic focus: |
(Emphasis on NE) 50 States and the District of Columbia, International, National |
| Types of support: |
General/Operating Support, Scholarships to Individuals |
| Funding Restrictions: |
Giving on a national basis; scholarships awarded only to residents in NE. |
| Deadlines: |
Specific
1st Quarter: 03/01/09Scholarships: March 1
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| Geographic Interests: |
The foundation awards grants in 30 states, but all academic scholarships are awarded in NE, headquarters for the foundation and Berkshire Hathaway. One-fourth of the remaining funds are awarded in NY, 20% in NC and 10% in DC. Just 5% is awarded in NE. |
| Related corporation? |
NO |
| Total assets: |
$2,517,560,936
as of
2008 |
|
Average grant range:
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$ 68,000 to $ 500,000 |
| Grant low: |
$ 1,000 |
| Grant high: |
$ 15,416,729 |
| Trustees / directors: |
Susan A. Buffett, Chair. and Treas.; Allen Greenberg, Pres.; Melissa How, Secy.; Peter A. Buffett; Geoffrey Cowan; Carol Loomis; Patti Matson. |
| 990 report(s): | View ReportView ReportView Report (Requires Adobe Acrobat). |
| Honors / recognitions / memberships: |
Funders Network on Population, Reproductive Health and Rights
|
| NTEE Code(s): |
ED, HEA, PUB |
| Business notes: |
Billionaire-populist Warren Buffett, the second wealthiest man in the US (after Bill Gates) and one of the world's richest men, pools his investments in holding company Berkshire Hathaway. It operates in the insurance industry and uses the "float" -- the cash collected before claims are paid out -- to invest in a growing stable of businesses. Buffett owns about 40% of Berkshire Hathaway. |
Giving by Interest Area:
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- Education - 37 %
- Health Care - 30 %
- International Relief - 15 %
- Other (arts, environment, civil liberties) - 13 %
- Social Sciences - 5 %
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Overview: This is the family foundation of Warren Buffett, the second wealthiest man in the US and one of the wealthiest men in the world. Recently, Susan Buffett, president of the foundation, women's rights advocate, and Warren's spouse died. She left $2 billion to the foundation which will take about two years to adjudicate.
Due to gifts received exceeding $2.6 billion, at the close of 2007, the market value of the foundation's assets totaled $3.9 billion, a substantial increase over 2006's value ($457.6 million).
Though it plans few changes to its programs, the foundation has dropped its limit on how many qualified students can receive funds through the Susan Thompson Buffett Scholarship program for low-income Nebraska students, reflecting the sizable increase in assets it received after Susan Buffett's death in 2004.
NOTE: The Susan Thompson Buffett Foundation is Warren Buffett's family foundation. The Susan A. Buffett Foundation belongs to his daughter. There is a small ($12,000/annum), New Mexico-based Buffett Foundation and never has been a Warren Buffett or Berkshire Hathaway Foundation.
The foundation has three primary interests:
1) National -- family planning and access to abortion and reproductive health services. The foundation awards grants to chapters of Planned Parenthood like most foundations award grants to affiliates of United Way or the Red Cross. More than 100 PP affiliates received grants ranging from $5,000 to $500,000 during the last three years.
2) Local -- support for youth education and youth/young adult related institutions.
3) Scholarships -- a college scholarship fund for Omaha and Nebraska students.
- Diseases/Disabilities General:
- Education, Higher Education:
- Health Care:
- Health Care, Access:
- Health Care, Prenatal Care:
- Health Policy:
- Health, Global Health & Infectious Diseases:
- Reproductive Health, Family Planning:
- Reproductive Health, Reproductive Rights:
- Reproductive Health, Sexual Health:
- Women & Public Policy:
- Women's Health:
- Women, centers/services:
- Youth Development, Centers/Clubs:
- Youth/Teen Pregnancy Prevention:
Sample Grants
$ 42,640 to
Abortion Access Project , Cambridge , MA
$ 100,000 to
Boys & Girls Club of Dalton-Whitfield County , Dalton , GA
$ 457,000 to
Boys & Girls Clubs of Omaha , Omaha , NE
$ 71,000 to
Downtown Tomorrow , Kalamazoo , MI
$ 140,000 to
Engenderhealth , New York , NY
$ 1,178,148 to
Family Health International , Research Triangle Park , NC
$ 497,532 to
Girls Inc. of Omaha , Omaha , NE
$ 10,000 to
Homeless Prenatal Program , CA
$ 170,943 to
Johns Hopkins Community Physicians , Baltimore , MD
$ 456,305 to
Magee-Womens Health Foundation , Pittsburgh , PA For research
$ 200,000 to
Medical Students for Choice , Oakland , CA
$ 300,000 to
Milwaukee Center for Independence , Milwaukee , WI
$ 10,300 to
Ms. Foundation for Women , New York , NY
$ 170,000 to
National Abortion Federation , Washington , DC
$ 575,000 to
National Alliance of State and Territorial AIDS Directors , Washington , DC
$ 250,000 to
National Campaign to Prevent Teen Pregnancy , Washington , DC
$ 10,000 to
New Rhythms Foundation , Tiburon , CA Aging; Art & music therapy; Mentally disabled; Performing arts, music
$ 10,384 to
Northeast Community College , Norfolk , NE
$ 50,000 to
Ounce of Prevention Fund , Chicago , IL
$ 267,357 to
Planned Parenthood Association of Southwest and Central Florida , Sarasota , FL
$ 250,000 to
Planned Parenthood of Alaska , Anchorage , AK
$ 75,000 to
Planned Parenthood of Minnesota and South Dakota , Saint Paul , MN
$ 352,000 to
Planned Parenthood of San Diego & Riverside , San Diego , CA
$ 28,000 to
Planned Parenthood of Shasta-Diablo , Concord , CA
$ 700,000 to
Religious Coalition for Reproductive Choice , Washington , DC
$ 250,000 to
Second Chance Foundation (NE) , Omaha , NE
$ 10,000 to
Shanti , San Francisco , CA
$ 100,000 to
United Methodist Community Centers , Omaha , NE
$ 10,000 to
United for a Fair Economy , Boston , MA
$ 15,140 to
University of Alabama , Tuscaloosa , AL
$ 55,000 to
University of Puerto Rico , Cayey , PR
$ 75,000 to
Womens Commission for Refugee Women and Children , New York , NY
Application Procedures:: Applications are not accepted. However, the foundation does seem to award several grants every year to new recipients. A short letter of inquiry (or several), to executive director Allen Greenberg would be a worthwhile investment, especially for organizations interested in reproductive rights and services.
Grants Paid
2002
($33,406,132 )
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2003
($29,946,000 )
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2004
($35,644,506 )
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2005
($59,683,343 )
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2006
($100,229,020 )
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2008
($352,312,644 )
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= small size
= severe geographic limitation
= narrow focus