Warren Buffett’s adult children – Susie, Howard, and Peter Buffett – have a strong history of philanthropy, having given over $15 billion from their father’s wealth through their foundations since 2006. Despite not seeking publicity for their donations, they have quietly made a significant impact in the philanthropic world. Now, with their father entrusting them to distribute the rest of his fortune after his passing, the next generation of Buffetts is expected to become one of the largest donors in the country, with an estimated $144 billion to be donated within the next decade.
The family’s foundations have diverse focuses but share common characteristics, such as operating with small teams and embracing risks to tackle challenging issues or support ventures that others may overlook. The Susan Thompson Buffett Foundation, named after Warren Buffett’s first wife, has primarily donated $8.4 billion to reproductive health care organizations, with a particular emphasis on supporting access to abortion and contraception.
Susie Buffett’s Sherwood Foundation has been a significant supporter of early childhood education in the United States, providing substantial funding for research, advocacy, and training for child care providers. The Howard G. Buffett Foundation, led by Howard Buffett, prioritizes food security and conflict mitigation on an international scale, with a focus on supporting farmers in various regions.
Peter Buffett’s NoVo Foundation, in the past, concentrated on empowering girls worldwide and promoting social-emotional learning in schools. However, in 2020, there was a shift in strategy that led to reduced funding for certain initiatives, causing mixed reactions from stakeholders. The foundation has since increased its support for Native American organizations and sustainable community projects.
As the next generation of Buffetts prepare to take over their father’s philanthropic legacy, their work through their foundations offers insights into their potential areas of focus and operational approaches in the future.
