Warren Buffett, the fourth wealthiest person globally, has made a substantial donation to five key foundations.

The renowned investor, also known as the Oracle of Omaha, has given away $3.6 billion in shares from Berkshire Hathaway, his investment conglomerate. Let’s take a closer look at these five foundations and understand their missions.

The first beneficiary is the Bill & Melinda Gates Foundation. Established in 2000, this foundation aims to provide essential services to those in need worldwide. It focuses on addressing inequality and lack of opportunities through initiatives in healthcare, education, and empowerment of women and girls, aiming to create new opportunities through charitable endeavors.

Following that is the Susan Thompson Buffett Foundation, founded by Warren Buffett himself in 1964. Renamed in honor of Susan Buffett after her passing in 2004, this foundation has been granting scholarships to Nebraska students for over 50 years. These scholarships are awarded competitively to incoming freshmen who are Nebraska residents, graduated from a Nebraska high school, and intend to attend a Nebraska college but require financial assistance.

Another recipient is the Sherwood Foundation based in Omaha. This foundation actively promotes equity in Nebraska through backing nonprofit organizations focused on urban community partnerships, public schools in Omaha, rural community collaborations, and early childhood education, with an emphasis on social justice initiatives.

The Howard G. Buffett Foundation, named after Warren Buffett’s middle child, is also a recipient. This foundation concentrates on enhancing the quality of life for the world’s most underprivileged individuals. Its core focus areas include addressing food insecurity, water accessibility, conflict resolution, and post-conflict development efforts.

The NoVo Foundation, which focuses on addressing challenges girls face worldwide, is the last recipient of Warren Buffett’s donation. Through a structured approach, the foundation works on various initiatives to tackle issues specifically encountered by girls in the United States and the global south.