
Buffett announced that he planned to donate more than 80 percent of his wealth to charities. He increased that amount to 99.9 percent in 2020. Bill & Melinda Gates Foundation was the primary beneficiary. It was established by Bill Gates, Microsoft founder, and his wife Melinda. They focused on education and health in the world. Bill and Buffett have been close to each other since the beginning of the 1990s. The three Buffett children as well as the Susan Thompson Buffett Foundation (named after his wife) were among the organizations that were the recipients of donations. They focused on the rights of women's reproductive health, provided college scholarshipsand various other charitable organizations. The Giving Pledge was an invitation for wealthy individuals to contribute a substantial portion of their fortune to charities established by Buffett and Gates in 2010.
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