Current:Home > ContactWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -Zenith Money Vision
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
View
Date:2025-04-18 17:30:10
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! (7)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Trader Joe's recalls its chicken soup dumplings for possibly having marker plastics
- A Lake Oswego dad is accused of drugging girls at a sleepover by lacing smoothies: Reports
- Sydney Sweeney Revisits Glen Powell Affair Rumors on SNL Before He Makes Hilarious Cameo
- Senate begins final push to expand Social Security benefits for millions of people
- NASCAR Las Vegas race March 2024: Start time, TV, streaming, lineup for Pennzoil 400
- NFL draft's QB conundrum: Could any 2024 passers be better than Caleb Williams?
- This classical ensemble is tuned in to today's headlines
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Knicks avoid catastrophic injury as Jalen Brunson diagnosed with knee contusion
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- 2024 Masters Tournament: Who will participate at Augusta? How to watch, odds, TV schedule
- Michelle Troconis found guilty of conspiring to murder Jennifer Dulos, her bf's ex-wife
- A cross-country effort to capture firsthand memories of Woodstock before they fade away
- Meet first time Grammy nominee Charley Crockett
- As an opioids scourge devastates tribes in Washington, lawmakers advance a bill to provide relief
- Nikki Haley rejects third-party No Labels presidential bid, says she wouldn't be able to work with a Democratic VP
- Nikki Haley wins the District of Columbia’s Republican primary and gets her first 2024 victory
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
How a student's friendship with Auburn coach Bruce Pearl gave him the strength to beat leukemia
A Texas girl allegedly killed by a family friend is remembered as ‘precious’ during funeral service
Federal officials will investigate Oklahoma school following nonbinary teenager’s death
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
As an opioids scourge devastates tribes in Washington, lawmakers advance a bill to provide relief
Sam Smith Debuts Daring Look While Modeling at Paris Fashion Week
The 18 Best High-Waisted Bikinis To Make You Feel Confident and Chic- Amazon, SKIMS, Target & More