Analysts Are Projecting "Safe-Haven" Stock Will Nearly Double

Already up nearly 50% in the last 6 months this gold company has an analyst target nearly twice its current price. With 40+ investment banks and funds already invested it's no wonder this $1.3B company (trading under $2) is grabbing investor attention.

Giving away a fortune: What could Warren Buffett's adult children support?

THALIA BEATY and JOSH FUNK
September 16, 2024

OMAHA, Neb. (AP) -- Warren Buffett's adult children -- Susie, Howard and Peter Buffett -- have long track records as philanthropists, giving away more than $15 billion of their dad's money through their foundations since 2006.

But because they don't habitually seek publicity about their donations, they've flown under the radar as a force within philanthropy.

Now that their father has entrusted them to donate the rest of his fortune following his death, the next generation of Buffetts is poised to become one of the largest donors in the country, tasked with giving away around $144 billion, by today's estimates, within 10 years.

The next generation of Buffetts have supported different causes over the years, but their foundations share some characteristics. They operate with small staffs and when they have spoken publicly about their giving, they talk about taking risks to confront hard problems or fund ventures others might not.

The work of the family's foundations may offer some insight into what they might support and how they might operate when the time comes to give away their fortune.

The Susan Thompson Buffett Foundation

Named after Warren Buffett's first wife, it has donated $8.4 billion mainly to reproductive health care organizations, according to the charitable grants database Candid. It also funds access to abortion and contraception, granting hundreds of millions over the years to Planned Parenthood affiliates, the National Abortion Federation, and Population Services International, which works outside the U.S.

The foundation has faced criticism from some in the field of reproductive justice who say funding anonymously without a public grant application process perpetuates inequities. Essentially, those who have connections get funded and those who don't, do not. The foundation did not respond to an Associated Press request for comment.

Susie Buffett's ex-husband, Allen Greenberg, is the foundation's president, Susie Buffett is the board chair and Peter Buffett is a member of the board, according to its most recent tax filings.

The Sherwood Foundation

Susie Buffett's foundation has been a stalwart funder for early childhood education within the U.S.

The foundation's largest grantee is the nonprofit Buffett Early Childhood Fund, of which Susie Buffett is board chair. It has granted hundreds of millions of dollars for research, advocacy, training and support for child care providers.

In 2005, the fund helped found the Alliance for Early Success, which supports state-level advocacy for early childhood education programs. Since then, it's provided "no strings attached" funding without any annual application or report, said Helene Stebbins, its executive director.

"You talk about trust-based philanthropy -- and there's a lot of work being done to encourage philanthropy to go in that direction right now -- Susie and the Buffett Early Childhood Fund have been doing it for 20 years," Stebbins said.

The Howard G. Buffett Foundation

The lion's share of Howard Buffett's grantmaking supports food security and conflict mitigation internationally.

His foundation has supported coffee and cacao farmers in El Salvador and the Virunga National Park in the Democratic Republic of Congo.

A major partner is Catholic Relief Services, which it has funded for at least 15 years to support farmers in Central America.

"Howard was particularly interested in addressing the factors that were driving people to leave rural communities in Central America and Mexico and risk everything to migrate to the U.S. and that's where our vision really came together," said Erica Dahl-Bredine, a senior adviser at CRS.

When Russia invaded Ukraine in February 2022, Howard Buffett visited within weeks and reconfigured the foundation's plans to respond to the humanitarian crisis and impact of the war on agriculture.

"Every time I leave Ukraine to return home, I ask myself the same question: If we do not stand with Ukraine as they fight to defend their freedom, then what value do we place on our own freedom?" he wrote in the foundation's 2023 report.

NoVo Foundation

For many years, Peter Buffett and his wife, Jennifer, focused their grantmaking on supporting girls around the world, including the "Girl Effect," campaign with the Nike Foundation. They also supported the use of social-emotional learning in schools.

In 2020, they made a major change in strategic approach, laying off a significant part of their staff and spinning off or planning to wind down much of their funding supporting girls rights and combating gender-based violence. The decision elicited a strong reaction from groups that felt the foundation had betrayed their trust, though it remains a significant philanthropic supporter of girls, especially Black girls and other girls of color.

"We had to make very difficult decisions around what was creating meaningful change and what was fighting against a system that appeared futile," Peter Buffett wrote in an email to the AP. "We were also always concerned about dependency on a single funder and we're happy to see other funders coming into the field."

Since 2022, the foundation has increased its support for Native American organizations, which Peter Buffet has been interested in since he composed some of the music for the film "Dances With Wolves" and wrote the score for the miniseries "500 Nations." His foundation now also funds projects like a community farm, grain mill and radio station near Kingston, New York, where Peter and Jennifer Buffett live, as part of its support for sustainable, local communities.

___

Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit https://apnews.com/hub/philanthropy.

Continue Reading...

Popular

Memories of the earliest Tupperware parties, from one who was there

ALLISON PARK, Pa. (AP) — Sometimes something takes your thinking back to an isolated memory of decades ago. And without your bidding, other memories — memories of that era of your life — come flooding in.

Why Are These Strange "Accidents" Happening All Over America? - Ad

Across America, strange "accidents" are happening in greater numbers than ever before. Jets are falling apart, chemicals are spilling, construction workers are being electrocuted -- and no one knows why. In his new exposé, American financial analyst Dan Ferris reveals the silent force behind this trend... why it's destroying this country from the inside... and where all signs suggest it's about to strike next: the U.S. stock market.

Hackers demand $6 million for files stolen from Seattle airport operator in cyberattack

WASHINGTON (AP) — Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official said Wednesday.

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

The same team that predicted Biden's downfall ... now warns of a new threat. Learn how to safeguard your future.

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Why We Just Sold Half of Our Stocks - Ad

We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.

Why Intuitive Machines' Stock Is Blasting Off In Extended Trading

Intuitive Machines shares are blasting higher in extended trading Tuesday after the company announced it was awarded a NASA contract.

GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst

GE Vernova upgraded to Buy by BofA Securities, price target raised from $200 to $300. Analyst sees potential in Gas Power Services.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Starmer and Meloni holding talks on curbing migrant boats reaching UK and Italy

ROME (AP) — U.K. Prime Minister is meeting Italian in Rome on Monday, as the two very different politicians, from left and right, seek common cause to curb .

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Pagers that exploded in Lebanon and Syria were made by a company in Budapest, Gold Apollo says

TAIPEI, Taiwan (AP) — Taiwanese company Gold Apollo said Wednesday that it authorized its brand on the but that another company based in Budapest manufactured them.

Red Lobster exits Chapter 11 bankruptcy protection

Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

China's economy softens in August as Beijing continues to grapple with lagging demand

BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Walmart Division Sam's Club Raises Wages For Hourly Associates: A Strategic Move To Stay Ahead In Retail

Walmart Division Sam's Club boosts pay for frontline workers and provides guidance for their financial future. This leads to more productive and loyal employees.

Amazon is requiring workers to be in the office five days a week starting next year

is reverting to its pre-pandemic policy and will require corporate employees to be five days a week starting next year, CEO Andy Jassy said Monday.

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Harris-Walz Campaign Targeted By Russian Hackers, Microsoft Threat Analysis Center Notices Shift In Tactics By Attackers

Microsoft has reported that Russian cyber-influence operations are now targeting the Kamala Harris-Tim Walz campaign for the 2024 U.S. presidential election, with Russia, Iran, and China deploying disinformation tactics to affect voter sentiment.

Gavin Newsom Signs Laws Aimed At Curbing Deepfakes Around Elections: 'Critical That We ensure AI Is Not Deployed To Undermine The Public's Trust'

California Governor Gavin Newsom has signed three bills to restrict the use of artificial intelligence in creating misleading political ads, making it illegal to distribute deepfakes related to elections around Election Day and requiring social media platforms to remove deceptive material.

This $2 Stock Outshines Historic Gold Rally! - Ad

Gold has soared 25% in the last 6 months, but this young company has more than doubled that return. With a price target nearly double its current value, it's caught the eye of 40+ investment banks and funds. Discover the name of this standout company today and see why it's a potential gold mine for investors.

Biden administration to host international AI safety meeting in San Francisco after election

Government scientists and artificial intelligence experts from at least nine countries and the European Union will meet in San Francisco after the U.S. elections to coordinate on safely developing AI technology and averting its dangers.

Advisors Brace For Fed Rate Cuts: Shifting Bond Strategies To Balance Yield And Risk

Americans must adjust bond and income portfolios as Fed cuts rates. Advisors reassess fixed-income strategies amid varying market approaches.

Congress is gridlocked. These members are convinced AI legislation could break through

WASHINGTON (AP) — A bipartisan group of lawmakers plans to introduce legislation Tuesday that would prohibit political campaigns and outside political groups from using artificial intelligence to misrepresent the views of their rivals by pretending to be them.

Discover the $2 Stock That Has Institutional Attention - Ad

With a $1.3B market cap and forecasts to grow 2X faster than the sector, dozens of investment banks are betting big. Strong leadership, cash on hand, and a $3 target make it a must-see.

Federal Reserve is set to cut interest rates for the first time in 4 years

WASHINGTON (AP) — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election.

The next generation of Buffetts is poised to become one of the biggest forces in philanthropy

OMAHA, Neb. (AP) — The next generation of Buffetts — Howard, Susie and Peter — is poised to become one of the most powerful forces in when their 94-year-old father, the legendary businessman and leader of Berkshire Hathaway, , eventually passes away.

America's Slow Decline into Hell - Ad

As Kamala Harris rises to power, her 3-word agenda threatens every American's freedom and financial security. Get the inside scoop and

Huge payout expected for a rare coin bought by Ohio farm family and hidden for decades

TOLEDO, Ohio (AP) -- Three sisters from Ohio who inherited a dime kept in a bank vault for more than 40 years knew it had some value. But they had no idea just how much until just a few years ago.

Top 2 Energy Stocks That Are Ticking Portfolio Bombs

Two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Don't Buy Another Stock Until You See This - Ad

We face a widespread collapse unlike anything we've seen in our lifetimes. By taking 4 simple steps today you can stay safe from the coming catastrophe. Which is why I want to rush you my new book "Midnight in America" FOR FREE.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service