Current:Home > MarketsWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -TrueNorth Finance Path
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
View
Date:2025-04-16 10:54:08
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! (67839)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Virgin Galactic's first commercial flight to space is days away from taking off
- Greta Thunberg says she's graduating from her school strikes over climate change
- Australian Scott White gets 9 years in prison for punching gay American Scott Johnson off Sydney cliff in 1988
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Mother of 4 children lost in Amazon for 40 days initially survived plane crash, oldest sibling says
- Novak Djokovic wins French Open, setting the record for men's Grand Slam titles
- A Nigerian chef cooked for more than 93 hours – breaking a Guinness World Record
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Kate Spade Flash Sale: Last Day To Get a $550 Tote for $151, a $139 Wallet for $39, and More Deals
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- 19 new bodies recovered in Kenya doomsday cult, pushing death toll past 300
- Australian Scott White gets 9 years in prison for punching gay American Scott Johnson off Sydney cliff in 1988
- 4 children who survived 40 days in Colombia jungle reunited with families
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- A Nigerian chef cooked for more than 93 hours – breaking a Guinness World Record
- Love Is Blind's Bliss Got Into a Fight With Irina Over Grilled Cheese That Didn't Make the Show
- U.S. citizen Michael Travis Leake detained in Moscow on drug charges
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
At least 41 killed in rebel attack on Ugandan school near Congo border
Russian man killed in rare shark attack off Egypt's Red Sea coast
Caterina Scorsone's Grey's Anatomy Family Sends Her Love After Devastating Fire
Why members of two of EPA's influential science advisory committees were let go
Meghan Markle Scores Legal Victory in Sister Samantha's Defamation Case
As Seagrass Habitats Decline, Florida Manatees Are Dying Of Starvation
Man accused of killing girlfriend, cutting up and cooking her body in alleged bid to hide the evidence