June 25, 2006

Statement on Warren Buffett?s Announcement

Bill and Melinda Gates made the following statement in response to Warren Buffett's announcement that he will give his fortune to philanthropy.<hr color="#666633" size="1"><!-- VOICES VIDEO CONTROL BEGIN --><!-- VOICES VIDEO CONTROL END --> ?We are awed by our friend Warren Buffett?s decision to use his fortune to address the world's most challenging inequities, and we are humbled that he has chosen to direct a large portion of it to the Bill & Melinda Gates Foundation.
Over the past 15 years, we have enjoyed a special friendship with Warren, and his advice has had a major influence on us. Warren has not only an amazing intellect but also a strong sense of justice. Warren?s wisdom will help us do a better job and make it more fun at the same time.
The impact of Warren?s generosity will not be fully understood for decades. As we move forward with the work, we do so with a profound sense of responsibility. Working with Warren and with our partners around the world, we have a tremendous opportunity to make a positive difference in people?s lives.?
Read more about the announcement on Fortune.com.

Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to reduce inequities and improve lives around the world. In developing countries, it focuses on improving health, reducing extreme poverty, and increasing access to technology in public libraries. In the United States, the foundation seeks to ensure that all people have access to a great education and to technology in public libraries. In its local region, it focuses on improving the lives of low-income families. Based in Seattle, the foundation is led by CEO Patty Stonesifer and Co-chairs William H. Gates Sr., Bill Gates, and Melinda French Gates.