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Doris Buffett

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Doris Buffett
Buffett in 2015
Born
Doris Eleanor Buffett

(1928-02-12)February 12, 1928
Omaha, Nebraska, U.S.
DiedAugust 4, 2020(2020-08-04) (aged 92)
Rockport, Maine, U.S.
Years active1996–2020
Known forPhilanthropy
Notable workSunshine Lady Foundation,
Learning By Giving Foundation,
Letters Foundation
Parent(s)Howard Buffett
Leila Stahl Buffett
FamilyWarren Buffett (brother)
Peter Buffett (nephew)
Susan Alice Buffett (niece)
Howard Graham Buffett (nephew)
Websitehttps://www.sunshinelady.org
https://letters.foundation/
https://learningbygivingfoundation.org/

Doris Eleanor Buffett (February 12, 1928 – August 4, 2020) was an American philanthropist also known as the 'retail' philanthropist and the founder of The Sunshine Lady Foundation, The Learning By Giving Foundation, and The Letters Foundation which she co-founded alongside her younger brother, billionaire Warren Buffett.[1][2] She was the daughter of Leila (Stahl) and U.S. politician and stockbroker Howard Homan Buffett. Doris Buffett intended to give all of her money away before she died.[3][4][5]

Life and career

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Buffett was the granddaughter of Ernest Buffett, who operated a family grocery store in Omaha, Nebraska. Her father Howard Homan Buffett founded the Omaha based investment business Buffett-Falk & Company in 1931.[6] She was the oldest sister of Warren Buffett, the chief executive of Berkshire Hathaway, and the third-wealthiest person in the world. Buffett grew up in Kansas, suffered through the Great Depression and saw frugal times as a young wife before her inheritance which eventually allowed her to do philanthropic work.[3][7] She was married four times and fought two bouts with cancer.

Buffett attracted attention with the publication of a 2010 book titled, "Giving It All Away: The Doris Buffett Story," which was authored by Michael Zitz. The book, which she pursued at the urging of her brother Warren Buffett and the lead singer of U2 Bono, describes Doris' background and life as a philanthropist.[8] Buffett donated $100 million of her own money, mostly to needy individuals, often taking the time to call and write to them personally and determine the best way to help. Through her Sunshine Lady Foundation she helped thousands of children get an education or attend camp, sponsored young women in Afghanistan and supported prison education programs, amongst other philanthropy work. Her goal was to give away her entire fortune, which remained substantial despite her generosity and the financial crisis of 2007–2008.[3][9]

She established the Letters Foundation alongside her brother Warren Buffett to provide humanitarian grants to people experiencing a crisis through no fault of their own when no other options exist. A hand-up and not hand-out was her philanthropy principle. Her brother Warren Buffett helped fund some of the foundation's early projects though later she began providing funds herself from Berkshire Hathaway stocks she owned. Unlike brother Warren Buffett who grants in 'wholesale', Doris Buffett believed in small and direct grants to people with financial difficulties hence the nickname 'retail' philanthropist.[10][1] "She is far more philanthropic than I am. She identifies with the underdog. I do it in a wholesale way, but not on a one-on-one basis. She really wants to know their stories," Warren Buffett said to The Wall Street Journal.[2]

Doris Buffett also established the Learning By Giving Foundation which promotes the study of experiential philanthropy at colleges and universities across the United States. At the end of the semester, students are given real money to grant to local nonprofits in their community. Doris said the goal of Learning by Giving is to instill in students, "the urge to do things for others all of their lives; to see the need to do something, to be an activist, to work toward social justice." She believed that this program will not only outlive her, but also create a ripple effect that will inspire generations to come.

Buffett made her home in Fredericksburg, Virginia, and moved to Boston in 2016 to be closer to family, and to receive treatment for Alzheimer's disease.[11][12]

In December 2018, Doris released a second book titled Letters to Doris: One Woman's Quest to Help Those With Nowhere Else to Turn.

Death

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Buffett died on August 4, 2020, at her home in Rockport, Maine, at the age of 92.[13]

See also

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References

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  1. ^ a b Webster, Camilla. "The Buffett Legacy: The Seven Pearls of Financial Wisdom". Forbes. Retrieved August 10, 2018.
  2. ^ a b Beatty, Sally (August 3, 2007). "The Other Buffett". The Wall Street Journal. ISSN 0099-9660. Retrieved August 10, 2018.
  3. ^ a b c writer, Steve Jordon World-Herald staff. "Doris Buffett has Alzheimer's, and now her foundation is the basis of a dispute". Omaha.com. Retrieved August 8, 2018.
  4. ^ "Philanthropist Doris Buffett shares life anecdotes at museum benefit". Bangor Daily News. Retrieved August 8, 2018.
  5. ^ Center, Foundation. "Doris Buffett Is Looking for a Few Good Volunteers". Philanthropy News Digest (PND). Retrieved August 10, 2018.
  6. ^ "What's So Great about Warren Buffett, Anyway? | InvestingAnswers". www.investinganswers.com. Retrieved August 10, 2018.
  7. ^ Jacobs, MICHAEL ZITZ PHOTO BY Erik. "Difference Maker Hall of Fame: Doris Buffett giving fortune away to help improve others' lives". Fredericksburg.com. Retrieved August 10, 2018.
  8. ^ Satake, Alison Lee (August 5, 2010). "Doris Buffett gives it all away". WilmingtonBiz. Retrieved August 22, 2020.
  9. ^ LANCE-STAR, CATHY JETT THE FREE. "Fredericksburg renames public pool in honor of philanthropist Doris Buffett, sister of Warren Buffett". Richmond Times-Dispatch. Retrieved August 10, 2018.
  10. ^ Suchergebnisse (May 1, 2010). Giving It All Away the Doris Buffett Sto: The Doris Buffett Story. Sag Harbor, NY: Permanent Pr Pub Co. ISBN 978-1-57962-209-1.
  11. ^ LANCE-STAR, THE EDITORIAL PAGE STAFF OF THE FREE. "EDITORIAL: Buffett's philanthropy has left its mark". Fredericksburg.com. Retrieved August 10, 2018.
  12. ^ "Doris Buffett has Alzheimer's, and now her foundation is the basis of a dispute". Business Breaking News. May 13, 2018. Archived from the original on August 10, 2018. Retrieved August 10, 2018.
  13. ^ "Doris Buffett, the Family's 'Retail Philanthropist,' Dies at 92". The New York Times. August 5, 2020.
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