The Susan Thompson Buffett Foundation

Mission

Grants primarily for family planning programs, and scholarships to residents of Nebraska attending Nebraska public colleges or universities.

Background

Incorporated in 1964 in NE. In 2006, Warren Buffett pledged almost $3 billion worth of his Berkshire-Hathaway, Inc. stock to the foundation to be paid out over time. As a result, the Susan Thompson Buffett Foundation's assets and annual giving have risen sharply - Founded by Warren Buffett and his late wife Susan Thompson Buffett. Mr. Buffett is founder, chairman and C.E.O. of Berkshire Hathaway Inc., a conglomerate holding company headquartered in Omaha, Nebraska, that oversees and manages a number of subsidiary companies, including GEICO Insurance. He is often called the "Oracle of Omaha" or the "Sage of Omaha". In 2008 he was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion. In 2006, Warren Buffett pledged a portion of his Berkshire Hathaway, Inc. stock to the foundation to be paid out over time.

Warren Buffett has committed to The Giving Pledge, and has pledged to give away at least half of his wealth to philanthropy

Grantmaking Programs

Scholarship Program

The scholarships can be used to cover expenses related to attending college (e.g. tuition and fees, housing, books). The amount of the scholarship is reviewed each year and adjusted accordingly to accommodate increases or decreases in college-going costs. The foundation initiated the William H. Thompson Scholars Learning Communities. Students who receive the scholarship and will be attending either University of Nebraska-Omaha, University of Nebraska-Lincoln or University of Nebraska-Kearney will be part of this Learning Community

Average Scholarship: $200-$5,000
What Scholarship Covers: Tuition or other educational expenses
Degree program: Undergraduate degree
Geographic Scope of Student: Nebraska resident; Nebraska high school graduate (or with Nebraska GED)
Host Countries: USA
Population Served: Nebraska resident; Nebraska high school graduate (or with Nebraska GED)
Program model: Religion based
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Outstanding Teacher Awards

Teaching awards are made to outstanding certified teachers in the Omaha public school system (K-12) with a minimum of two years teaching experience. The program provides 15 awards annually, $10,000 per recipient. Teachers must be nominated by members of the community. Individual applications are not accepted.

Grants to Individuals Program

Scholarships to residents of NE to attend NE public colleges and universities.

Program-Related Investment

Historically, the foundation has made PRIs to educational and social science institutions.