A Drury alumna takes readers inside the Billionaire Philanthropy Club

For Immediate Release: June 17

SPRINGFIELD, Mo., June 17, 2010 — Carol Loomis, a Drury student in the late 1940s, takes readers inside a secret meeting featuring Warren Buffett and Bill and Melinda Gates in a Fortune magazine feature: http://features.blogs.fortune.cnn.com/2010/06/16/gates-buffett-600-billion-dollar-philanthropy-challenge/

The article titled "The $600 Billion Challenge" details how Buffet and the Gates brought together the nation’s wealthiest people, including Oprah Winfrey and Ted Turner, at three different gatherings around the country to encourage them to increase their level of giving.

As Loomis writes, the trio of organizers is aiming high, "…the magazine stated the 2009 net worth of the Forbes 400 to be around $1.2 trillion. So if those 400 were to give 50% of that net worth away during their lifetimes or at death, that would be $600 billion. You can think of that colossal amount as what the Buffet and Gates team is stalking -- at a minimum."

Loomis is the senior editor-at-large at Fortune magazine and has more than 50 years of financial journalism experience.


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