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The Dark Side of Philanthropy

by Ian on June 25, 2006

Today Warren Buffet, one of the richest men in the world, announced plans to give away his 40 billion in wealth. On the surface this sounds great but when you read the details, it isn't so nice anymore.

Here is how the donations work. He has designated a total number of stock shares to be given to each of 5 foundations. Each year, 5% of that total will be given to the foundations until Buffet dies.

  • 10 million shares to the Gates Foundation. Bill Gates, founder of Microsoft, has been reluctant to admit that his foundation supports population control, but it has given millions to Planned Parenthood and to other population control groups.
  • 1million shares to the Susan Thompson Buffet Foundation. This foundation, named after Buffet's wife, "primary focus is family planning, and reproductive health and rights, both domestically and internationally".
  • 350,000 shares to the Susan A Buffet Foundation. This foundation, while focusing on helping poor children and foster care programs, has also given money to Planned Parenthood in Nebraska.
  • 350,000 shares to the Howard G Buffet Foundation. This foundation focuses on conservation and environmental protection but seems to stay away from population control issues.
  • 350,000 shares to the Novo Foundation. I can't find any information on this foundation except for the information in the CNN article which states that the foundation is "focused on funding individuals and organizations working to open up education opportunities, reverse environmental degradation, uphold human rights, and improve understanding and respect among various cultures and ethnicities". "Upholding human rights" has become almost synonymous with population control these days so this seems pretty questionable as well.

And Planned Parenthood needs our tax money to stay in business? I don't think so.

{ 3 comments… read them below or add one }

charlotte June 26, 2006 at 12:59 pm

On the subject of Planned Parenthood….did you guys hear about Colorado legislator Ted Harvey?
You probably did, but in case someone missed it here is the link.

http://www.tedharvey.com/gianna.htm

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Matt December 22, 2006 at 5:42 pm

This article is so incredibly rediculous!!! Planned parenthood is not a great establishment, I will agree. However, this man gave 40 Billion to save billions of lives around the world and you have the nerve to complain that a few million (less than one percent) is going to a miss-directed program called planned parenthood! He certainly cannot be accused of population controll when so many will be saved in places like africa.

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aquinasandmore December 22, 2006 at 5:59 pm

This mis-directed program kills millions of babies a year. I guess that’s really not that important though.

What if Buffet had been alive during WWII and was giving a few million to the company that ran the concentration camps? Would that still be okay?

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