
Buffett announced that he planned to donate over 80 percent of his fortune to charitable causes. Buffett increased his donation to 99.9 percent in 2020. Bill & Melinda Gates Foundation, created by Bill Gates and Melinda (the Microsoft founder) was the main beneficiary. This foundation focused on education and health in the world. Bill and Buffett had been friends since the 90s. The other organizations that received contributions included those run by Buffett's 3 children and the Susan Thompson Buffett Foundation, named in honor of his late wife, which was focused on women's reproductive rights and funded college scholarship programs. In 2010, Buffett and Gates formulated the Giving Pledge. This pledge encouraged other wealthy people to give a large portion of their wealth to charitable causes.
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