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Sundar Pichai-1-1024x630Buffett said he'd contribute more than 80 percent to foundations that support charitable causes. In 2020, he boosted that number to 99 percent. Bill & Melinda Gates Foundation was the biggest beneficiary. It was founded by Bill Gates, Microsoft founder as well as his wife Melinda. They focused on health and education in the world. Bill and Buffett have been friends since the early 1990s. The three Buffett children and the Susan Thompson Buffett Foundation (named after his wife) were among the foundations that received donations. They were concerned with the rights of women's reproductive health, provided scholarships for college students, and also other charities. In the year 2010, Buffett and Gates formulated the Giving Pledge. This pledge allowed other wealthy individuals to donate a majority of their fortunes to charitable organizations.

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