Susan Thompson Buffett Foundation: Grants for Higher Education

OVERVIEW: The Susan Thompson Buffett Foundation funds scholarships for Nebraskan high school students.

IP TAKE: Despite the fact that this funder operates on a global scale, it has no transparent, public mechanism through which grantseekers can apply for funding.

PROFILE: Warren and Susan Buffett initially incorporated their family foundation 1964. In 2006, Warren Buffett pledged nearly $3 billion over time, of his Berkshire-Hathaway stock and renamed the foundation in honor of his late wife, Susan Thompson Buffett. Although this is a sizable foundation, it maintains a low public profile regarding its grantmaking; however, it's only website is dedicated to a scholarships program for high school students in Nebraska.

The scholarship program awards grants of up to $5,500 per term, available to students who are “residents of Nebraska, graduates of a Nebraska high school with plans to attend a Nebraska public institution, and who have demonstrated financial need.” Applicants must complete a FAFSA to demonstrate their financial need. Applications become available on November 1 of each year and are due on the following February 1.

Although the Susan Thompson Buffett Foundation (STBF) offers grants to smaller community colleges, such as its past grant to Southeast Community College, it tends to support larger universities rather than local community colleges. According to its tax filings, past STBF grantees in the higher education grantmaking space include the Regents of the University of Michigan, Rutgers University, and Stanford University.

STBF awards multimillion-dollar grants with some reaching as high as nearly $10 million. Most awards, however, typically fall in the $100,000 to $500,000 range. Although the Susan Thompson Buffett Foundation (STBF) offers grants to smaller community colleges, such as its past grant to Southeast Community College, it tends to support larger universities rather than local community colleges. According to its tax filings, past STBF grantees in the higher education grantmaking space include the Regents of the University of Michigan, Rutgers University, and Stanford University.

The foundation does not accept unsolicited grant applications or requests for funding.

PEOPLE:

Search for staff contact info and bios in PeopleFinder (paid subscribers only).

LINK:

CONTACT:

Susan Thompson Buffett Foundation

3555 Farnam Street Suite 222

Omaha, Nebraska 68131

(402) 943-1300