Peter Buffett’s NoVo Foundation has given tens of millions of dollars to nonprofits in the Hudson Valley over the past several years, and soon his organization will have considerably more financial resources. His father Warren Buffett, one of the most successful and famous investors in the world, announced yesterday in a press release he was giving 300,000 B shares of his Berkshire Hathaway Inc. business to the NoVo Foundation, with shares also going to his other three family foundations.
As of Nov. 25, Berkshire Hathaway’s Class B shares were trading at approximately $482.18 per share. Therefore, 300,000 Class B shares would be valued at about $144,654,000.
NoVo Foundation gave out a whopping $195,124,661 in 2022 alone (the most recent year tax records are publicly available). While the foundation gives to nonprofits across the country, Peter Buffett has taken a special interest here in the area where he lives, supporting and sustaining a long list of local nonprofits over many years and millions in funding.
In 2022 alone, NoVo contributions to area entities (as indicated in their tax records) totaled over 46 million dollars and included:
- Arm of the Sea Productions Inc. ($15,000)
- Ashokan Center Inc. ($250,000)
- Bard College ($1,075,000)
- Bardavon 1896 Opera House Inc. ($2,000,000)
- Boys & Girls Club of Ulster County Inc ($329,647)
- Bridge Arts and Education Inc ($10,000)
- Center for Creative Education ($250,000)
- Center for Photography at Woodstock ($75,000)
- Circle Creative Collective Inc. ($75,000)
- Circle of Friends for the Dying ($200,000)
- City of Kingston ($225,000)
- Community Foundations of the Hudson Valley
- Brighter Futures Initiative ($420,000)
- Community Grant Program ($150,000)
- Kingston Emergency Food Collaborative ($150,000)
- Rise Up Kingston NY Inc. ($100,000)
- Ulster County UBI Program ($151,500)
- Holistic Health Community ($200,000)
- general support ($250,000)
- United Way of Ulster County ($500,000)
- Hudson Valley Farm Fresh Food Initiative ($500,000)
- Radio Kingston ($5,692,500)
- Connective Healing ($25,000)
- Cornell Cooperative Extension of Ulster County ($350,000)
- Family of Woodstock Inc.
- Solar Array Project ($75,000)
- Kingston Homeless & At-Risk Youth Services Program ($75,000)
- Everette Hodge Community Center ($250,000)
- general support ($350,000)
- Good Work Institute
- Kingston Food Coop – general support ($650,000)
- People of Color for Nonviolent Communication Workshop ($3,750)
- Thrive On! ($192,000)
- Trust Hub ($400,000)
- Hummingbird Healing Arts: Massage Therapy Access Project ($35,000)
- Harambee Kingston NY ($201,250)
- Hudson Valley Current Inc. ($300,000)
- Hudson Valley LGBTQ Community Center ($250,000)
- Hudson Valley Research Laboratory Inc. ($100,000)
- Jewish Family Services of Ulster County – yard maintenance program ($50,000)
- Kingston City Land Bank
- general support ($400,000)
- Housing Pilot Program ($116,350)
- Legacy Cities Initiative ($625,000)
- Kingston Library – capital project ($2,000,0000)
- Kingston Midtown Arts District ($15,000)
- Kingston Clinton Avenue United Methodist Church ($90,000)
- Kites Nest Inc ($250,000)
- KThunder Inc ($10,000)
- Mentor Me of Ulster County Inc. ($50,000)
- Mid-Hudson Children’s Museum ($25,000)
- Mid-Hudson Energy Transition Inc. ($1,300,000)
- Mohonk Preserve ($25,000)
- Mountain Laurel Waldorf School ($200,000)
- MyKingstonKids Inc. ($200,000)
- National Young Farmers Coalition ($100,000)
- NYSARC Inc. Ulster Greene Putnam Counties Chapter ($100,000)
- O+ Festival ($80,000)
- People’s Place ($160,000)
- Primrose Hill School ($200,000)
- Reher Center for Immigrant Culture and History
- Reher Center Gallery ($75,000)
- Roof Repair ($275,000)
- general support ($75,000)
- RUPCO Inc.
- general support ($1,038,667)
- Regenerate Kingston Housing Initiative ($500,000)
- Samadhi Center Inc.
- general support ($815,400)
- needs assessment ($26,000)
- Scenic Hudson Inc. ($50,000)
- Sun River Health ($250,000)
- SUNY New Paltz Foundation Inc. ($60,000)
- The Hudson Valley Agri-Business Development Corporation ($175,000)
- The Ministry of Mat ($75,000)
- The Young Men’s Christian Association of Kingston and Ulster County
- Kingston YMCA Farm Project – Farm Infrastructure Special Project ($210,000)
- Kingston YMCA Farm Project – Youth Design Process ($15,000)
- Go Beyond Greatness Inc. ($150,000)
- Kingston YMCA Farm Project ($250,000)
- general support ($350,000)
- Ulster Community College Foundation Inc. ($500,000)
- Ulster Community Action Committee Inc. ($100,000)
- Ulster Immigrant Defense Network Inc. ($75,000)
- Ulstercorps Inc. ($25,000)
- United Way of Ulster County In. ($250,000)
- Walkway Over the Hudson ($25,000)
- Wild Earth Wilderness School ($1,000,000)
- Women’s Studio Workshop ($35,000)
- Woodstock Film Festival – Youth Film Lab ($200,000)
- Xit Youth Program Inc. ($50,000)
- YWCA Ulster County ($75,000)
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