Warren Buffett Candy Tour Charity Auction Raises $156,000

Jack Staub, a California engineer and business owner, placed the winning $156,000 bid  on a charity auction to attend an all-you-can eat tour of Berkshire Hathaway's (NYSE: BRK-B  ) (NYSE: BRK-A  ) See's Candy factory that includes meeting Warren Buffett.

Staub's bid clocked in at more than double the auction's estimated $75,000 value, but the Californian is happy to be donating to Communities in Schools -- Los Angeles, a nonprofit organization focused on providing students with the support they need to complete their studies and succeed in life. He was quoted in the press release on the auction as saying that:

Jade [Staub's wife] and I were very impressed with Communities In Schools of Los Angeles and their focus on underserved kids. Last year we lost a dear friend, Kathy Godshalk, to cancer. Kathy taught math at Cypress College (a community college serving the LA-OC area) and proved supporting our future generations through education, caring, and guidance makes an enormous difference. We would like to keep the cycle going through this worthy cause.

Staub will attend the tour with his wife and two children, where Buffett will "demonstrate the only acceptable way to eat a bonbon," according to auctioneer CharityBuzz.com.

According to the "fine print" section of the Charitybuzz posting, Buffett will not be guiding the tour and "The winner may take a photo. The winner can take something small to be signed. Cannot be resold or re-auctioned. Cannot be transferred."

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2595825, ~/Articles/ArticleHandler.aspx, 10/24/2014 7:37:57 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement