The Glide Foundation is a charity organization that helps the homeless, based in
San Francisco, California
San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...
, associated with devout Methodist Lizzie Glide and the
Glide Church.
History
Glide and the foundation bought the
Hotel Californian two blocks from the church in 1935 and it was operated as a
temperance
Temperance may refer to:
Moderation
*Temperance movement, movement to reduce the amount of alcohol consumed
*Temperance (virtue), habitual moderation in the indulgence of a natural appetite or passion
Culture
*Temperance (group), Canadian danc ...
hotel for decades. She also funded a home for young working Christian women and a dorm for young Christian women at U.C. Berkeley.
Recent activities
The foundation has worked with investor
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 w ...
who has donated the proceeds from his
eBay
eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became a ...
"Power Lunch with Warren Buffett" auctions to Glide. As of 2017, he had raised nearly $24 million for the Foundation.
The winning bid in 2006 was $620,100, won by
Duan Yongping, a California investor. In 2008,
Mohnish Pabrai and
Guy Spier
Guy Spier (born February 4, 1966) is a Zurich-based investor. He is the author of ''The Education of a Value Investor''. Spier is the manager of the Aquamarine Fund with $350 million in assets. He is well known for bidding US$650,100 with Mohni ...
won the auction for $650,100. The 2009 auction was won with a bid of $1.68 million by an anonymous bidder In 2011 an anonymous bidder paid $2,626,411 for a lunch with Buffet. The June 9, 2012 auction for lunch with Buffett yielded a record figure of $3,456,789; the highest figure paid for lunch with the investor at the time. This number was tied at the 2016 auction.
The 2017 winning bid was $2.68 million. In 2019, the annual auction closed with a winning bid of $4,567,888 by
Justin Sun
Justin Sun ( Chinese: 孙宇晨; pinyin: Sūn Yǔchén; born July 30, 1990) is a Chinese cryptocurrency entrepreneur, and business executive. He is the founder of Tron (founded July 2017), a blockchain DAO ecosystem. Sun is the Permanent Repre ...
.
In 2022, the 21st "Grand Finale" auction closed with a winning record bid of $19,000,100 from an anonymous bidder, bringing the total raised by the annual actions to over $53 million. The Glide auction's winners traditionally dine with Buffett at New York's Smith and Wollensky steak house. The restaurant donates at least $10,000 to Glide each year to host the auction lunch.
Power Lunch Winning Bids
{, class="wikitable"
, -
! Event number
! Year
! Winning bid (USD)
, -
, 21
, 2022
, $19 million
, -
, 20
, 2019
, $4.57 million
, -
, 19
, 2018
, $4.23 million
[{{cite news , title = Lunch with Warren Buffett hits $4.23 million in eBay auction, url = https://finance.nine.com.au/2018/05/31/10/02/lunch-with-warren-buffett-hits-4-million-in-ebay-auction , publisher = 9Finance , date = 31 May 2018 , accessdate = 31 May 2018 ]
, -
, 18
, 2017
, $2.68 million
, -
, 17
, 2016
, $3.46 million
, -
, 16
, 2015
, $2.35 million
, -
, 15
, 2014
, $2.16 million
, -
, 14
, 2013
, $1 million
, -
, 13
, 2012
, $3.46 million
, -
, 12
, 2011
, $2.63 million
, -
, 11
, 2010
, $2.63 million
, -
, 10
, 2009
, $1.68 million
, -
, 9
, 2008
, $2.1 million
, -
, 8
, 2007
, $650,100
, -
, 7
, 2006
, $620,100
, -
, 6
, 2005
, $351,100
, -
, 5
, 2004
, $202,100
, -
, 4
, 2003
, $250,100
, -
, 3
, 2002
, $25,000
, -
, 2
, 2001
, $18,000
, -
, 1
, 2000
, $25,000
References
External links
Glide Foundation- Official site.
Foundations based in the United States
Organizations based in the San Francisco Bay Area