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Warren Buffett donates $4 billion to charity | Reuters Video (reut.rs)

This is not the first multi-billion charity event.

A decade ago, Dan Pallotta tried to explain how “The way we think about charity is dead wrong.”

He was saying that we had to think about scale and impact rather than just ratios.

When there is a vast level of resources, we have to think how to effectively spend vast amounts of money. Finally, I am starting to see the beginnings of those discussions.

Warren Buffett on Tuesday (June 14) donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire’s pledge to give away nearly all of his net worth.

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Posted by Russell Brand

Russell has started three successful companies, one of which helped agencies of the federal government become very early adopters of open source software, long before that term was coined. His first project saved The American taxpayer 250 million dollars. In his work within federal agency, he was often called, “the arbiter of truth,” facilitating historically hostile groups and factions to effectively work together towards common goals

 

Dan Pallotta: The way we think about charity is dead wrong

 

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