Buffett had committed over 99% of his estate to philanthropic purposes, primarily through the Bill & Melinda Gates Foundation and four family-related charities.
Buffett has recently outlined how his substantial fortune will be managed after his death.
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Many people, organizations and businesses in Miami are actively committed to philanthropy. As Javier Alberto Soto, president and CEO of the Miami Foundation, puts it, “Miami is home to a young, diverse demographic that’s looking for ways to get involved, ways to improve our community that aren’t traditional, like a formal gala.”