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Buffett Foundation
The Buffett Foundation is a charitable organization formed 1964 in Omaha, Nebraska, by investor and industrialist Warren Buffett as a vehicle to manage his charitable giving. It was renamed the Susan Thompson Buffett Foundation in honor of his wife, Susan Buffett, who died in 2004. As of 2014, the Buffett Foundation ranked fourth among family foundations by grants paid. It invests heavily in reproductive health and family planning grants across the world, including substantial investments in abortion and contraceptives. According to ''Mother Jones'', the Buffett Foundation is known for its focus on abortion access and for its "secrecy...often appearing under grant acknowledgements only as 'an anonymous donor.'" Management Allen Greenberg, the executive director of the foundation, was married from 1983 to 1995 to the Buffetts' daughter, Susie, who is chair. The Buffett Foundation was set up in 1964 but had no director until Greenberg took the job in 1987. History Susan Buffett's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Susan Alice Buffett
Susan Alice Buffett (born July 30, 1953) is an American philanthropist who is the daughter of Warren Buffett and Susan Thompson Buffett. Her charitable work has focused largely on the Sherwood Foundation, formerly known as the Susan A. Buffett Foundation, an organization in Omaha that provides grants in public education, human services and social justice in the interest of promoting the welfare of children from lower-income families. She is also on the boards of the Susan Thompson Buffett Foundation, The Buffett Early Childhood Institute, and Girls, Inc. According to a 2010 interview with her brother Howard Graham Buffett, Buffett's philanthropic focus has consistently remained on children, education and family issues, but she has also committed to other causes, including Debt, AIDS, Trade, Africa, a non-governmental organization dedicated to various improvements in Africa. Biography Born in Omaha in 1953, Buffett, commonly called Susie, is the eldest child of Warren Buffe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warren Buffett
Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $100 billion as of November 2022, making him the world's sixth-wealthiest person. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his firm eventually acqui ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill & Melinda Gates Foundation
The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation, is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported as of 2020 to be the second largest charitable foundation in the world, holding $49.8 billion in assets. On his 43rd birthday, Bill Gates gave the foundation $1 billion. The primary stated goals of the foundation are to enhance healthcare and reduce extreme poverty across the world, and to expand educational opportunities and access to information technology in the U.S. Key individuals of the foundation include Bill Gates, Melinda French Gates, Warren Buffett, chief executive officer Mark Suzman, and Michael Larson. The BMGF had an endowment of approximately $50 billion . The scale of the foundation and the way it seeks to apply business techniques to giving makes it one of the leaders in venture philanthr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buffett Family
Buffett is a surname of English origin. It was first recorded in Shropshire in 1273 where it was listed on the Hundred Rolls. The name is believed to have Norman origins. Notable Buffets include: * David Buffett (born 1942), the current Chief Minister of Norfolk Island, Australia * George D. Buffett (1928–2012), American politician * Howard Buffett (1903–1964), American politician, father of Warren Buffett * Howard Graham Buffett (born 1954), son of Warren Buffett * Howard Warren Buffett (born 1983), son of Howard Graham Buffett and grandson of Warren Buffett * Ivens Buffett, Australian politician * Jimmy Buffett (born 1946), American musician * Peter Buffett (born 1958), musician, son of Warren Buffett * Susan Buffett (1932–2004), wife of Warren Buffett * Warren Buffett Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most succes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankers Life And Accident
Bankers Life is the primary subsidiary of CNO Financial Group, Inc. (itself formerly Conseco, Inc until 2010). The company was established in 1879 in Chicago, Illinois. CNO is a Fortune 1000 company (rank of 548 in 2015) whose subsidiaries provide insurance products and services to customers in the United States. The core retail market served by Bankers Life is the pre-retirement and retirement aged individual and their families whose annual household income is between $25,000 and $75,000. Bankers Life has 1.4 million policyholders and offers a variety of different insurance products including long-term care and life insurance, annuities, Medicare products including supplement plans, Medicare Advantage plans and Medicare Part D prescription drug coverage and critical illness/specified disease insurance. Bankers Life also offers vision and dental plans through a partnership with Humana. They sell their policies through a network of over 5,000 insurance agents based in over 320 off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MacArthur Foundation
The John D. and Catherine T. MacArthur Foundation is a private foundation that makes grants and impact investments to support non-profit organizations in approximately 50 countries around the world. It has an endowment of $7.0 billion and provides approximately $260 million annually in grants and impact investments. It is based in Chicago, and in 2014 it was the 12th-largest private foundation in the United States. It has awarded more than US$6.8 billion since its first grants in 1978. The foundation's stated purpose is to support "creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world". MacArthur's grant-making priorities include mitigating climate change, reducing jail populations, decreasing nuclear threats, supporting nonprofit journalism, and funding local needs in its hometown of Chicago. According to the OECD, the foundation's financing for 2019 development increased by 27% to US$109 million. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Insurance
A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders. History The concept of mutual insurance originated in England in the late 17th century to cover losses due to fire. The mutual/casualty insurance industry began in the United States in 1752 when Benjamin Franklin established the Philadelphia Contributionship for the Insurance of Houses From Loss by Fire. Mutual property/casualty insurance companies exist now in nearly every country around the globe. The global trade association for the industry, the International Cooperative and Mutual Ins ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Re
General Reinsurance Corporation is an American multinational property/casualty and life/health reinsurance company offering a range of reinsurance products and services. The company is a primarily direct reinsurer and is represented in all major reinsurance markets worldwide through a network of more than 40 offices. Gen Re is a member of the Berkshire Hathaway Inc group of companies. Financial strength ratings of Gen Re's reinsurance operations: * A.M. Best: A++ (Superior) * Standard & Poor's Claims Paying Ability Rating: AA+ * Moody's Financial Strength Rating: Aa1 ''General Re Corporation'' is the holding company for Gen Re's global reinsurance and related operations. It owns ''General Reinsurance Corporation'', ''General Re Life Corporation'' and ''General Reinsurance AG'', the direct reinsurers which conduct business as Gen Re. In addition, the insurance, reinsurance and investment management companies in the General Re group include: ''Gen Re Intermediaries'', ''NEAM'', ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GEICO
The Government Employees Insurance Company (GEICO ) is a private American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm. GEICO is a wholly owned subsidiary of Berkshire Hathaway that provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents, called GEICO Field Representatives, over the phone directly to the consumer via licensed insurance agents, and through their website. Its mascot is a gold dust day gecko with a Cockney accent, voiced by English actor Jake Wood. GEICO is well known in popular culture for its advertising, having made numerous commercials intended to entertain viewers. Despite the presence of the word "government" in its name, GEICO has always bee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berkshire Hathaway
Berkshire Hathaway Inc. () is an American Multinational corporation, multinational conglomerate (company), conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and (since 1978) vice chairman Charlie Munger, who are known for their advocacy of value investing principles. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt. The company's insurance brands include auto insurer GEICO and reinsurance firm General Re. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, Rail transport, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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