 "Buffett foundation to help girls of colour; will unveil plan soon")
A foundation run by the youngest son of billionaire investor Warren Buffett is announcing its strategy for distributing $90 million to help improve the lives of young women and girls of colour.
The NoVo Foundation was created in 2006 by Jennifer and Peter Buffett, the youngest son of Warren Buffett.
The New York City-based foundation says it will let the girls and their advocates determine what their needs are, rather than be told what the money has to be used for.
The foundation on Thursday will officially announce how its $90 million commitment over seven years will be carried out.
The unveiling of the grant-making process comes a year after the foundation first announced the investment. It has spent the months since canvassing the country talking to girls and their advocates.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%