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Posts tagged as “Warren Buffett”

NoVo Foundation to Invest $90,000,000 in Young Women of Color in the US

A Long Walk Home, a Chicago-based non-profit that uses art to educate young people, is one of the NoVo Foundation’s grantees. (Image credit: A Long Walk Home)
A Long Walk Home, a Chicago-based non-profit that uses art to educate young people, is one of the NoVo Foundation’s grantees. (Image credit: A Long Walk Home)

article by Breanna Edwards via theroot.com

The NoVo Foundation, which supports initiatives that focus on girls and women, announced Wednesday that it will be making a seven-year, $90 million commitment in order to combat the systemic and institutional inequalities that young women and girls of color face in the United States.
The foundation, which was created by Warren Buffett‘s son Peter Buffett and daughter-in-law Jennifer Buffett, signaled that the funds will support grassroots programming and advocacy, “as well as national-level policy and culture change efforts, that are girl-led, girl-driven and designed to address the systemic and institutional challenges faced by girls and young women of color across the country,” a press release notes.
“Inherently, girls and young women of color already hold incredible power and potential. This work is about dismantling the barriers that prevent them from realizing that potential and leading us toward a truly transformative movement for change,” Jennifer Buffett said, according to the release.
“Our goal is to create the conditions for change by advancing the work of the real experts in this movement: girls and young women of color and the advocates working with them,” Peter Buffett added.
The foundation intends to launch a series of regional learning sessions across the country in order to hear directly from girls and young women of color themselves, as well as from their advocates.
“This announcement is made possible because of decadeslong leadership and activism by women of color,” NoVo Executive Director Pamela Shifman told Forbes. “This is a breakthrough moment, and we want to make sure it translates into lasting and meaningful change.”
Read more at the NoVo Foundation and Forbes.

Patrice Motsepe: South African Billionaire Donates Half His Fortune To Charity

Patrice Motsepe

South African billionaire, Patrice Motsepe (PHOTO CREDIT: Forbes.com)

Joining Bill Gates’ and Warren Buffett’s Giving Pledge, South African billionaire, Patrice Motsepe, announced that he will be donating half of his company’s assets to combat South Africa’s poverty, advancing women, and reforming education, health and unemployment, reports Forbes.com.

“[My wife] Precious and I will contribute at least half of the funds generated by our family assets to the Motsepe Foundation to be used during our lifetime and beyond to improve the lifestyles and living conditions of the poor, disabled, unemployed, women, youth, workers and marginalised South Africans, Africans and people around the world.”

With a Forbe’s estimated net worth of $2.65 billion, Motsepe is South Africa’s richest Black man. His announcement Wednesday was attended by King Goodwill Zwelithini of the Zulu nation, South Africa’s Basic Education Minister Angie Motshekga and Rabbi Warren Goldstein, among others.