Glide Celebrates $2.6 Million Donation

Warren Buffett says Glide believes every human being has potential, and for the that he is willing to donate something priceless: his time.

Sunday, Jun 12, 2011  |  Updated 7:41 AM PDT
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Glide Celebrates $2.6 Million Donation

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WASHINGTON - NOVEMBER 14: Berkshire Hathaway Chairman and CEO Warren Buffett pauses prior to a hearing before the Senate Finance Committee November 14, 2007 on Capitol Hill in Washington, DC. The hearing was to examine the uncertainty in federal estate tax planning under current law which will change every year from 2008 through 2011. (Photo by Alex Wong/Getty Images)

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A auctioned-off power lunch with legendary investor Warren Buffett raised over $2.6 million for San Francisco's Glide foundation, topping last  year's record-breaking bid.
   

The online charity auction, which started at $25,000 on June 5, ended Friday night at $2,345,678.  News of the donation is sure to be welcomed with a few extra "amens" during Sunday services.    
The winner, who wished to remain anonymous, wanted to top last year's bid, however, and pledged an additional amount to bring the total to  $2,626,411 -- the entirety of which will go to the Glide Memorial Church's  social service organization, a Glide spokeswoman said.
   
"We are thrilled and astonished by Mr. Buffett and the winning bidder for their generosity and philanthropy, which allows Glide to continue  to help those on society's margins transform their lives," Glide founder the  Rev. Cecil Williams said in a statement.
   
This is Buffett's 12th annual power lunch for charity. The winner  will be allowed to bring up to seven friends to a lunch at New York City's famed Smith & Wollensky steakhouse.


Alan Stillman, the founder of Smith & Wollensky, had pledged to donate an additional $10,000 to Glide.
   
Over the past 12 years, Buffett's lunches have raised nearly $9 million for the Tenderloin neighborhood organization, a Glide spokeswoman said.

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