Charities hope one man's generous donation will inspire others - WALB.com, Albany News, Weather, Sports

Charities hope one man's generous donation will inspire others

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June 26, 2006

Albany--The second richest man in the world announced today he'll donate virtually his entire fortune to charity.

Many non-profits hope that will inspire others to donate.  Warren Buffett is worth forty-four billion dollars.

Most of his money will go to the Bill and Melinda Gates Foundation. The rest to charities run by his children.

Groups like Habitat for Humanity and food banks rely heavily on donations to serve people in need.

The Salvation Army in Albany has experienced a decline in donations recently. Leaders remain optimistic that donations will pick up, especially with Buffett's example.

"Hopefully this will spur on other well-to-do people to remember charities; there's so much need. There's Katrina. There's so many things that the money can go for," says Sgt. Brent Nevers, with the Salvation Army.

The Gates Foundation will use the money on global health initiatives and education improvements in the US.

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