Women and Girls to Be Focus of Buffett Son’s Fund

Organizations serving women and girls will be the main beneficiaries of roughly $1-billion pledged by Warren Buffett to his son Peter’s NoVo Foundation, the Associated Press reports.

NoVo, in New York, has begun granting millions to charities that focus on female clients, promoting their educational and economic development and fighting domestic violence.

“It just was logical for us after we really thought about it,” said Jennifer Buffett, Peter Buffett’s wife. “If you empower adolescent girls who are the mother of every child yet to be born … they have so much more to offer their sons, their daughters in that next generation.”