Billionaire’s Death May Mean Millions for Planned Parenthood’s Abortion Business
by Steven Ertelt
August 11, 2004
Omaha, NE (LifeNews.com) — Susan Buffett, the wife of billionaire investor Warren Buffet died at the end of July. As a result, Planned Parenthood, the nation’s largest abortion business, may stand to gain millions of dollars through Buffet’s foundation.
Buffett was the head of the Buffett Foundation, which has frequently been the subject of pro-life criticism because of its large donations to Planned Parenthood and other pro-abortion groups.
Susan Buffet has requested that much of her holdings in Berkshire Hathaway Inc. be directed to the foundation. Some $150 million in stock will move to the foundation as a result.
The transaction will make the Buffet Foundation the largest in the country — eclipsing the $27 million currently in the coffers of computer magnate Bill Gates’ foundation that he runs with his wife.
Last year, Berkshire Hathaway announced that it would cease funding Planned Parenthood after members of the Pampered Chef program sponsored a boycott when the company was sold the Buffet’s firm.
In 2002, Berkshire Hathaway’s foundation distributed more than $11 million to pro-abortion organizations, including Planned Parenthood. The foundation also made a five year, $20 million financial commitment to International Projects Assistance Services, the principle maker of suction pumps used in abortions.
After the boycott, in July, the corporation announced it will no longer allow its shareholders to designate recipients of Berkshire Hathaway’s charitable giving. It also will cease funding Buffet’s personal foundation.
The company admitted the boycott was harming its Pampered Chef operation.
In an email to representatives regarding the decision, Doris Christopher, founder and chairman of Pampered Chef, said she told Buffet about the complaints from thousands of company representatives concerning the pro-abortion contributions.
"Berkshire Hathaway will cease all corporate contributions of any kind to any non-profit organization," Christopher explained. "This means there will be no donations from Berkshire Hathaway to the Buffett Foundation."
Though the company will no longer fund the abortion industry, the Buffet Foundation still can.