Warren Buffett's sister giving $100 million to Northwestern University

[Omaha Steve]

Source: Omaha World Herald

By Steve Jordon

Roberta “Bertie” Buffett Elliott, younger sister of Omaha billionaire Warren Buffett, pledged a $100 million donation to Northwestern University, the largest gift in the Evanston, Illinois, university’s history.

Elliott, a 1954 Northwestern graduate, has donated about $10 million to the school in the past, mostly in support of international studies. Her wealth comes from shares of Berkshire Hathaway Inc., the Omaha-based company headed by her brother.

The new contribution will create the Roberta Buffett Institute for Global Studies aimed at a multidisciplinary approach to solving global problems.

Northwestern announced the contribution as part of a $3.75 billion fundraising campaign.

FULL story at link.



Roberta “Bertie” Buffett Elliott

Read more: http://www.omaha.com/money/buffett/warren-buffett-s-sister-giving-million-to-northwestern-university/article_afd34988-a70e-11e4-9667-7733b9d34e46.html

[closeupready]

1. I'm not sure what to think about this, exactly.

[Dems2002]

2. I know

As an alum, I can't help but feel a perverse sense of pride. As a first gen student w/no money (worked three jobs at same time while there) that degree has opened doors for me on multiple occasions.

At the same time, I hope they are more generous with financial aide through this campaign and it's not just buildings with rich people's names.

[ensemble]

3. So is Warren...

going to make a similar donation to UN-L? He could substantially increase the university's endowment on his own (I think it's around $1.25 billion.)

[YOHABLO]

4. Hmmm I don't know. How will the money be used? Scholarship or big salaries?