Current:Home > MyWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -VisionFunds
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
View
Date:2025-04-16 06:35:34
The California homeless charity that received $53 million over the years from investors who wanted a private lunch with billionaire Warren Buffett has found a new business executive to auction off a meal with.
The Glide Foundation said Tuesday that it will hold an auction on eBay next month for a private lunch with Salesforce Chairman and CEO Marc Benioff. The San Francisco-based charity helps the homeless and those in poverty in the same city where Benioff oversees a software empire.
The final auction of a lunch with Buffett two years ago attracted a record $19 million price that isn’t likely to be matched. The revered investor has legions of devoted followers who fill an Omaha arena every spring at Berkshire Hathaway’s annual meeting to listen to Buffett’s insights, and he had said ahead of time that 2022 would be his last auction.
Still, Glide hopes that the Benioff auction will also raise significant funds to support the organization’s $31 million budget, which provides meals, health care, job training, rehabilitation and housing for the poor and homeless. Buffett said it always amazed him how the charity helped people in difficult situations find hope again.
“We are so grateful that Marc Benioff is continuing Warren Buffett’s legacy of supporting San Francisco’s most vulnerable,” said Dr. Gina M. Fromer, Glide’s President and CEO.
Buffett’s first wife, Susie, introduced him to Glide after she volunteered there following her move to the city, and she suggested starting the lunch auction in 2000. She died in 2004, but the connection endured.
Buffett endorsed the new arrangement from his office at Berkshire’s small headquarters in Omaha, Nebraska. Benioff has urged his fellow CEOs to do more to help the homeless and remedy the inequalities in society that they helped create. He’s also taken stands on polarizing issues such as gay rights, climate change and gun control.
“The baton is in the right hands with Marc Benioff,” Buffett said. “He’s going to do a wonderful job improving on what I did over the years. With Marc’s enthusiasm and commitment, along with GLIDE’s leadership and volunteers, GLIDE will be able to continue providing its vital services for San Francisco.”
Benioff said he’s “incredibly humbled to continue Warren’s legacy” with the lunch auction.
Just as the Buffett auctions did, the weeklong Benioff lunch auction will begin May 5 with an opening bid of $25,000 and continue through June 10.
Organizers have their work cut out for them if they’re attempting to match Buffett’s record. Starting in 2008, every winning bid for lunch with the investing giant topped $1 million.
One past winner, Ted Weschler, received a job offer from Buffett’s company after he spent nearly $5.3 million on two auctions in 2010 and 2011. Weschler now works as an investment manager for the conglomerate, which owns an eclectic assortment of companies including Geico insurance, BNSF railroad, See’s Candy, several major utilities and Dairy Queen.
___
Follow Josh Funk online at www.twitter.com/funkwrite
veryGood! (3457)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Chevron reports LNG outage at Australian plant as strike action escalates
- Stock market today: Asian shares mostly higher after US inflation data ease rate hike worries
- Carly Pearce Details Her New Chapter After Divorce From Michael Ray
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Several students at Vermont school sent to hospital for CO exposure, officials say
- As Kim meets Putin, Ukraine strikes a Russian military shipyard and Moscow once again attacks Odesa
- Appeals court denies Trump's attempt to stay E. Jean Carroll's 2019 lawsuit
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Argentine inflation keeps soaring, putting the government on the defensive as elections near
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Giant vacuums and other government climate bets
- Pakistani court rejects ex-PM Imran Khan’s bail plea in case related to leaking state secrets
- Feds spread $1 billion for tree plantings among US cities to reduce extreme heat and benefit health
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Intensified clashes between rival factions in Lebanon’s largest Palestinian refugee camp kill 5
- What a crop of upcoming IPOs from Birkenstock to Instacart tells us about the economy
- Trump won’t be tried with Powell and Chesebro next month in Georgia election case
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Whole families drowned in a Libyan city’s flood. The only warning was the sound of the dams bursting
Nationals, GM Mike Rizzo agree to multiyear contract extension
When the dead don't stay buried: The grave situation at cemeteries amid climate change
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Florida Gov. DeSantis recommends against latest COVID booster in ongoing disagreement with FDA, CDC
Trump won’t be tried with Powell and Chesebro next month in Georgia election case
Federal appeals court opens way to block California law on gun marketing to children