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Warren Buffett & the Widow’s Mite (Lenten Resource)

Fifth Week of Lent

My Philanthropic Pledge by Warren Buffett

“In 2006 I made a commitment to gradually give all my Berkshire Hathaway stock to philanthropic foundations.  I couldn’t be happier with that decision. ... More than 99% of my wealth will go to philanthropy during my lifetime or at death.  Measured by dollars, this commitment is large.  In a comparative sense, though, many individuals give more to other every day.  Millions of people who regularly contribute to churches, schools, and other organizations thereby relinquish the use of funds that would otherwise benefits their own families.  The dollars these people drop into a collection plate or give to United Way mean forgone movies, dinners out, or other personal pleasures.  In contrast, my family and I will give up nothing we need for want by fulfilling this 99% pledge.”

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