Susan Alice Buffett Explained

Susan Alice Buffett
Other Names:Susie Buffett
Birth Date:30 July 1953
Birth Place:Omaha, Nebraska, U.S.
Children:2
Parents:Warren Buffett
Susan Thompson Buffett
Relatives:Buffett family

Susan Alice Buffett is an American philanthropist who is the daughter of Warren Buffett and Susan Thompson Buffett. Her charitable work has focused largely on the Sherwood Foundation and the Buffett Early Childhood Fund, organizations in Omaha that provide grants in public education, human services, and social justice in the interest of promoting the welfare of children from lower-income families.

Biography

Born in Omaha in 1953, Buffett, commonly called Susie, is the eldest child of Warren Buffett.[1] [2] [3] She attended the University of Nebraska–Lincoln, where she majored in home economics, and studied at the University of California, Irvine, where she majored in social ecology. After college she started working at Century 21 Real Estate, where she initially worked as an assistant to Arthur E. Bartlett. She then moved to Washington, D.C. and took a job at the New Republic.[4]

Her parents lived separately from the late 1970s onwards, though they remained married until her mother's death in 2004.[5] Despite his wealth, Warren Buffett encouraged his children to be financially independent; Susan Buffett recalled in 2006 that in spite of her father's generosity, he once refused her a personal loan of $41,000 to expand her kitchen.[6]

In 1983, Buffett wed Allen Greenberg, a lawyer for Public Citizen, whom she had met in Washington. In 1987, Greenberg became the first director of the Buffett Foundation, a title he retained after the couple's divorce in 1995.[7]

Buffett established the Sherwood Foundation in 1999 to fund local groups in the Omaha area.[8] In 2005 she founded the Buffett Early Childhood Fund to fund philanthropy centered on childhood,[9] and to help children from disadvantaged backgrounds.[10] She also help support Daniel Beaty's show on race in the United States.[11] As of 2010, Buffett was the chair of three of the Buffett Foundations - the Sherwood Foundation, the Susan Thompson Buffett Foundation, and the Buffett Early Childhood Fund,[12] which are located on the Conagra campus in Omaha.[13]

Buffett also became involved in the Omaha Community Foundation, a local nonprofit that works to improve the quality of lifesidents of the Omaha area.[14] According to a 2010 interview with her brother Howard Graham Buffett, Buffett's philanthropic focus has consistently remained on children, education and family issues,[15] but she has also committed to other causes, including The ONE Campaign, a non-governmental organization dedicated to various improvements in Africa.[16] [17] In 2015 Buffett did the honors of breaking a bottle of champagne on the bow of the USS Omaha (LCS-12).[18] [19]

Buffett has been active in Democratic politics,[20] and in 2013 Hillary Clinton came to Omaha to join Buffett's 60th birthday celebration.[21]

In 2021 it was announced that Buffett had joined the board of Berkshire Hathaway,[22] and two years later she and her two siblings were entrusted with the sizeable task of donating all their father's wealth to foundations of their choice following his death, at which time regular donations to the Gates Foundation will cease. [23] [24]

Honors and awards

In 2014 the United Way named her Citizen of the Year.[25]

Notes and References

  1. Web site: October 26, 2009 . From Warren Buffett's Family Album . July 14, 2010 . BBC News.
  2. Web site: Warren Buffett -- Playing Business Like Tiger Plays Golf . January 2009 . July 14, 2010 . de Waal . Mandy . BC Golf News.
  3. Web site: Bailey . Jeff . July 2, 2006 . Buffett Children Emerge as a Force in Charity - The New York Times . https://web.archive.org/web/20230530165225/https://www.nytimes.com/2006/07/02/business/02buffettkids.html . May 30, 2023 . 2023-11-27 . The New York Times.
  4. Book: Roché . Joyce M. . Joyce Roche . The Empress Has No Clothes: Conquering Self-Doubt to Embrace Success . Kopelman . Alexander . June 3, 2013 . Berrett-Koehler Publishers . 978-1-60994-638-8 . en.
  5. News: Bailey . Jeff . Eric Dash . September 1, 2006 . How Does Warren Buffett Get Married? Frugally, It Turns Out . July 14, 2010 . New York Times.
  6. Web site: June 29, 2006 . Exclusive: Buffett Kids React to Dad's Donation . https://web.archive.org/web/20110928130959/https://abcnews.go.com/GMA/story?id=2133209&page=1 . September 28, 2011 . July 14, 2010 . Good Morning America.
  7. Bianco . Anthony . October 25, 1999 . The Art of Giving--When Your Resources Are Vast . dead . . https://web.archive.org/web/20090620005253/http://www.businessweek.com/archives/1999/b3652114.arc.htm . June 20, 2009 . July 14, 2010.
  8. Book: Huffington, Arianna Stassinopoulos . Third World America : how our politicians are abandoning the middle class and betraying the American dream . 2010 . New York : Crown Publishers . Internet Archive . 978-0-307-71982-9 . 223–224.
  9. News: Turque . Bill . 2024-02-29 . Nonprofit center would boost preschool services . 2024-10-06 . Washington Post . en-US . 0190-8286.
  10. Web site: Sledge . Matt . 2011-09-15 . Warren Buffett's Daughter Takes On Early Childhood Education And Gangs . 2024-10-06 . HuffPost . en.
  11. News: Kelly . Michael . 2013-02-07 . Show is 'powerful' statement on race . 2024-10-11 . Omaha World-Herald . https://www.newspapers.com/article/omaha-world-herald-show-is-powerful-st/156937137/,https://www.newspapers.com/article/omaha-world-herald/156937179/.
  12. Web site: Mallon . Matthew . August 31, 2010 . The Kids of Business Icons: Susan Alice Buffett . dead . https://web.archive.org/web/20181123072734/http://www.minyanville.com/special-features/articles/Susan-Alice-Buffett-warren-buffett-business/8/31/2010/id/29773 . November 23, 2018 . November 28, 2018 . Minyanville.
  13. News: Gonzalez . Cindy . 2017-04-05 . Susie Buffett will relocate offices from Kiewit Plaza to Conagra campus . 2024-10-11 . The Daily Nonpareil . 6.
  14. Web site: 2023-05-24 . Susan Alice Buffett Net Worth - Explore the Billionaire's Fortune . 2024-10-07 . The UFC News . en-US.
  15. News: Jordan . Steve . May 1, 2010 . Foundation spending likely to increase along with stock . https://web.archive.org/web/20110616032209/https://omaha.com/article/20100501/money/705019981/1031/ . June 16, 2011 . July 14, 2010 . Omaha World-Herald.
  16. Web site: Noon . Chris . December 19, 2005 . Bono Stops Over In Buffett Land After Concert . July 14, 2010 . Forbes.
  17. News: 2005-12-18 . Bono continues AIDS campaign in Omaha . 2024-10-11 . The Anniston Star . 12.
  18. News: Boyd . Jared . 2015-12-20 . With its future in doubt, latest littoral combat ship christened . 2024-10-11 . Press-Register . 8.
  19. News: Liewer . Steve . 2015-12-20 . 'Coolest ship on the planet' . 2024-10-11 . Omaha World-Herald . 1.
  20. News: Konnath . Hailey . 2017-03-13 . For former president, a quiet trip back to 'Obamaha' . 2024-10-11 . Omaha World-Herald . https://www.newspapers.com/article/omaha-world-herald-for-former-president/156938038/,https://www.newspapers.com/article/omaha-world-herald/156938072/.
  21. News: Jordon . Steve . 2013-07-28 . Clinton helps Susie Buffett celebrate 60 years . 2024-10-11 . Omaha World-Herald . https://www.newspapers.com/article/omaha-world-herald-clinton-helps-susie-b/156937917/,https://www.newspapers.com/article/omaha-world-herald/156937895/.
  22. Web site: 2021-11-22 . Warren Buffett adds daughter to board, deepening Berkshire family ties . 2024-10-09 . Bloomberg . en-US.
  23. Web site: 2023-07-11 . Susie Buffett Plays a Critical Role in the Family’s Giving. Who Is She, and What Does She Fund? . 2024-10-09 . Inside Philanthropy . en-US.
  24. Web site: 2024-09-24 . Warren Buffett Entrusts His Children With 'Not So Easy' Task To Donate His $143 Billion Wealth . 2024-10-09 . International Business Times . en-US.
  25. News: Freeman . Betsie . 2014-05-31 . United Way honoree Susie Buffett speaks on value of citizenship . 2024-10-11 . Omaha World-Herald . 12.

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