The three children of Warren Buffett, known as the Oracle of Omaha, are poised to inherit and distribute a staggering $130 billion of their father’s fortune. Howard, Susie, and Peter Buffett have already made a significant impact in philanthropy, quietly giving away over $7.4 billion each through their charitable foundations between 2001 and 2023. Their giving would place them among the country’s most generous philanthropists, ahead of prominent figures like Charles Koch and Bernie Marcus. The Susan Thompson Buffett Foundation, named after Warren’s first wife, has also donated $8.8 billion to reproductive health groups, actively contributing to social causes.
Howard Buffett, the eldest sibling at 69, focuses his foundation’s efforts on food security and conflict mitigation in war-torn regions like Ukraine. He has devoted significant resources to aiding farmers in Ukraine affected by land mines and supporting food and agricultural assistance in Rwanda, El Salvador, and Guatemala. Howard’s philanthropic work reflects his adventurous spirit and commitment to grassroots engagement, as seen in his expeditions to regions like Colombia and El Salvador to address the root causes of migration. Additionally, Howard is involved in local initiatives in Decatur, Illinois, where his foundation has funded projects like a police training center and a center to combat human trafficking.
Susie Buffett, age 71, leads the Sherwood Foundation in Omaha, supporting disadvantaged communities in Nebraska, particularly in education. The foundation’s focus includes early childhood education and programs for vulnerable youth, emphasizing the importance of intervention from an early age to address educational disparities. Susie’s involvement in the University of Nebraska Foundation and Planned Parenthood reflects her dedication to supporting marginalized groups and advocating for equitable access to resources and services.
Peter Buffett, the youngest sibling at 66, has a background in music and arts, using his platform to empower women and end violence against them through the NoVo Foundation. His foundation has shifted priorities towards Indigenous communities, environmental initiatives, and projects in the Hudson Valley, reflecting a broader approach to philanthropy. Peter’s unique perspective as a musician and artist informs his approach to social change, emphasizing the importance of community involvement and sustainable solutions in addressing systemic issues.
The Buffett children’s foundations have maintained high payout rates, exceeding the IRS requirement of 5% of assets annually, reflecting a commitment to proactive grantmaking. Unlike many private foundations, the Buffett siblings prioritize immediate impact over building reserves, leveraging their annual contributions effectively. Warren Buffett’s decision to appoint his children as trustees of a charitable trust holding his assets signifies a significant shift in his philanthropic strategy, aligning with his children’s demonstrated ability to handle large-scale giving responsibilities.
As the Buffett siblings prepare to inherit and distribute their father’s wealth, questions remain about their future priorities and approaches to philanthropy. Their diverse interests and experiences in agriculture, education, and social justice indicate a broad range of initiatives they may pursue. With a shared commitment to giving back and making a difference in their respective fields, the Buffett children are poised to continue their family legacy of impactful philanthropy and social change.
