
"Investment guru Warren Buffett, whose stake in the company he founded is worth $44 billion, disclosed plans to give nearly all of it away, mostly to the world's largest charitable organization, the Bill & Melinda Gates Foundation.
"That revelation in Fortune magazine comes on the heels of Microsoft Corp. co-founder Bill Gates's announcement earlier this month that he would transition from running his company to running his foundation - and marks a golden age for philanthropic giving akin to that of a century ago, when industrialists such as Andrew Carnegie, John D. Rockefeller and Andrew W. Mellon gave vast amounts of their wealth to the arts and society."