Warren Buffett Lunch Auction Brings In $3.46 Million for Glide Foundation

Warren Buffett’s week-long charity lunch auction raised $3.46 million for the Glide Foundation of San Francisco this year. The online bidding nearly tripled the price during the last thirty seconds of the event, bringing the price up from $1.23 million, Ebay revealed.

Glide is an organization that provides meals for those in need, and runs a church in Tenderloin district as well. Proceeds from the auction are donated to the foundation each year, while the winning bidder and seven companions join Buffett for lunch at the Smith & Wollensky steakhouse in NY.

Since its inception 13 years ago, the lunch auction has raised over $14.6 million.

Buffett, a self-made billionaire and the CEO of Berkshire Hathaway Inc., has pledged a great portion of his wealth to charity. He was introduced to Glide by his first wife Susan Buffett, who passed away eight years ago.

“I was suspicious when I heard my wife raving about this place in San Francisco,” Buffett shares. “What I witnessed was an institution and an individual that really gave up on nobody,” he said, referring to Rev. Cecil Williams, the founder of the organization.

“They took the people that the rest of the world had forgotten, people who’d given up on themselves, and they felt that every human being had a potential,” he added.”

 

The San Francisco Food Bank

The San Francisco Food Bank is all about feeding the hungry of San Francisco and Marin.  The charitable organization’s mission is to help people not starve, and not have to choose between rent and food or other basic necessities.  Unfortunately, this very much is the case for the people living in these areas so the San Francisco Food Bank was set up nearly 25 years ago to collect and repackage many thousands of pounds of food which it thereafter distributes to soup kitchens, grocery centers, educational programs and the elderly.

Every week, more than 200,000 people are the recipients of food from the Food Bank.  Each day, a staggering 93,000 meals are made. Thus, through its vital work, this organization links up people and food, also by working with more than 450 nonprofit partners.

The Food Bank receives food from various different sources including: grocery stores, processors and the USDA.  Sometimes food is given as it is approaching its code date; other times because it is misshapen and still other times as the company simply made too much. We have a bunch of volunteers working for us who deal with the food at our warehouse, so we save money on otherwise having to employ around 50 full-time staff members.  It is our intention to feed as many of the hungry as possible, ensuring the people of San Francisco and Marin do not go to bed starving or need to worry about where their next meal is coming from.

Football Feeds The Hungry

The Kraft Fight Hunger Bowl was played at the San Francisco AT&T Park. It raised enough money to sponsor more than 20 million meals to Feeding America. The Second Harvest Food Bank in the South Bay is a subsidiary of Feeding America.

Before the Kraft Fight Hunger Bowl, the University of Nevada and Boston College teams served meals to the needy in San Francisco while dressed in their team jerseys.

The Kraft Fight Hunger Bowl took place with a cold temperature of 45 degrees. One meal was donated for every ticket sold and the game was almost sold out in spite of the cold weather.