
Buffett declared that he would spend more than 80 percent of his money to foundations that support charitable causes. In 2020, he boosted that number to 99 percent. Bill & Melinda Gates Foundation was the primary beneficiary. It was created by Bill Gates, Microsoft founder as well as his wife Melinda. They focused on education and world health. Bill and Buffett have been close to each other since the early 1990s. The three Buffett children, as well as the Susan Thompson Buffett Foundation (named after his wife) were among those that received donations. They were concerned with women's reproductive rights, funded college scholarshipsand various other charitable organizations. In 2010, Buffett as well as Gates Gateses created the Giving Pledge, an invitation to other wealthy individuals to give the bulk of their fortune to charities.
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