Fredericksburg.com - Doris Buffett puts her good fortune to good use

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Doris Buffett helps those in need, using the family inheritance built through the investment savvy of her brother, billionaire Warren Buffett.
SUZANNE CARR ROSSI/THE FREE LANCE-STAR

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Doris Buffett puts her good fortune to good use
The life of local philanthropist Doris Buffett

Date published: 5/6/2009

BY BILL FREEHLING

The woman responsible for turning around the lives of abused women, underprivileged children and forgotten prisoners pulls up her Volvo to a private jet at the Stafford Regional Airport.

The frame around the license plate reads "In Berkshire Hathaway We Trust," a reference to the company run by her multibillionaire brother. A bumper sticker on the back says "Cavemen are people too," a tag line for Berkshire subsidiary Geico.

The woman sports a lapel pin that says "Money." A gleaming multi-carat diamond sparkles on her right hand, and she wears earrings bearing her foundation's sunshine logo.

Pilots on the NetJets plane that will carry her and six guests to Omaha, Neb., whisk away her luggage. She boards the Hawker 400 and settles into a leather seat. A bottled water has been placed beside each of the chairs, and snacks are under each seat. A catered lunch is packed away at the front.

With a wave of her hand, the woman signals she's ready for takeoff. The jet streams down the runway and heads toward Omaha for the Berkshire annual shareholders meeting. When the plane touches down, a NetJets crew puts the bags into a rented car steps away.

She'll be in Omaha for three nights with family and friends before jetting back to her beautifully restored town home on Caroline Street in downtown Fredericksburg. Then it's off to London and a dinner with Prince Charles. She'll likely spend time this summer at a lovely waterfront cottage in Rockport, Maine.

Doris Buffett, 81, is able to lead that life due to the investment genius of her brother, Warren Buffett. He managed the family's investments, and when their mother died in 1996, Doris and her sister, Bertie, inherited millions. Warren took himself out of the will.

The inheritance has allowed Doris Buffett to lead a comfortable life. But hers is just one of thousands affected. A three-hour conversation with Buffett on the way to Omaha this past Friday shows that she's more interested in using the wealth to help others than spend the money on herself.


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Date published: 5/6/2009



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Mr. Zorro is all wet. (posted by Mojomama , May 6, 2009 9:16 pm)    0 likes
He just hates public swimming pools -- it's a well-known fact. Whatever, Joe.

spoonman? spooncroon? (posted by oldlady , May 6, 2009 6:53 pm)    0 likes
Sorry, I couldn't help it...too much Rock Band on Wii. If you read the entire article it is concentrating too much on what she has then what she does for others. The article could have spent 80% on the good she did and the rest on her clothes, pin, car, jet, vacations, etc. I am an educated person and understand journalism and a good report. FLS has disappointed me many times before. But they have NO competition so why should they try?

Zorro (posted by 2centsworth , May 6, 2009 3:23 pm)    0 likes
If you don't know what you are talking about, kindly shut up. The reason Ms. Buffett pays the entrance fees is because the pool is directly across from Mayfield and she couldn't stand the fact that these very blue collar children would hear the fun going on at the pool and not be able to participate b/c they couldn't afford it. College Heights has it's own pool (aptly named College Heights) and the folks that can afford a pool go there. "The Foundation pays for all F'bg residents to use the pool for free."

mr zorro (posted by cassandra&sarasdaddy , May 6, 2009 3:22 pm)    0 likes
you are consistent. in a sad way. really the majority are from college heights? never been there i see. you might consider researching how the pool came to be et al before speaking from 4th point of contact

Re oldlady comment (posted by spooncroon , May 6, 2009 2:17 pm)    0 likes
So the story says, "A three-hour conversation with Buffett on the way to Omaha this past Friday shows that she's more interested in using the wealth to help others than spend the money on herself," and explains how she does that. How does that ignore the good this woman does? And what about this is "poorly written"? Is it just that the writer includes interesting details about how Ms. Buffett dresses and lives that offends you? I really don't get it.

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