local
Buffet says that Gates' ties to Epstein are 'distasteful' but not why his fortune is going elsewhere
By Josh Funk, Associated Press at KPRC 2 / Click2Houston (NBC)
· July 15, 2026
· 4 min read
Billionaire Warren Buffett said Wednesday that his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates ' ties to convicted sex offender Jeffrey Epstein.Buffett told ...
Key takeaway “No one bats a thousand in the business of choosing people," Buffett said on CNBC.
Why this matters in The Piney Point
The decision by Warren Buffett to cut the Gates Foundation out of his charitable giving has implications for the philanthropic landscape in the Houston area. As one of the wealthiest individuals in the country, Buffett's giving has had a significant impact on various causes, and his shift in strategy may lead to new opportunities for local organizations. With Buffett's plans to donate his entire fortune by 2034, his children, including Howard, Susie, and Peter, will play a crucial role in determining how the funds are allocated. This could potentially lead to increased support for local initiatives and charities in Piney Point Village and surrounding communities, as the Buffett family's foundations may focus on more targeted, community-based giving. The community will be watching to see how this shift in philanthropic strategy unfolds and how it may benefit local causes.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Piney Point surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 15, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? Billionaire Warren Buffett said Wednesday that his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates ' ties to convicted sex offender Jeffrey Epstein.Buffett told ...
When was this published? This article was first published on July 15, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Piney Point readers.
Who reported this story? This story was reported by Josh Funk, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Piney Point selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Piney Point, or browse our daily briefing and topic hubs .
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