Current:Home > ContactWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -CapitalTrack
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
NovaQuant View
Date:2025-04-08 13:50:48
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! (9318)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Selling Sunset Reveals What Harry Styles Left Behind in His Hollywood House
- Decades of Science Denial Related to Climate Change Has Led to Denial of the Coronavirus Pandemic
- Exxon Climate Fraud Investigation Widens Over Missing ‘Wayne Tracker’ Emails
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- With gun control far from sight, schools redesign for student safety
- Electric Vehicle Advocates See Threat to Progress from Keystone XL Pipeline
- How law enforcement is promoting a troubling documentary about 'sextortion'
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- 'Back to one meal a day': SNAP benefits drop as food prices climb
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- N.Y. Gas Project Abandoned in Victory for Seneca Lake Protesters
- New documentary shines light on impact of guaranteed income programs
- 48 Hours investigates the claims and stunning allegations behind Vincent Simmons' conviction
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Neurotech could connect our brains to computers. What could go wrong, right?
- Why Fans Think Malika Haqq Just Revealed Khloe Kardashian’s Baby Boy’s Name
- Florida bans direct-to-consumer auto sales but leaves carve-out for Tesla
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Mass Die-Off of Puffins Raises More Fears About Arctic’s Warming Climate
'Live free and die?' The sad state of U.S. life expectancy
Pay up, kid? An ER's error sends a 4-year-old to collections
2025 'Doomsday Clock': This is how close we are to self
Federal judge in Texas hears case that could force a major abortion pill off market
We're gonna have to live in fear: The fight over medical care for transgender youth
What's closed and what's open on Juneteenth 2023