‘Billionaire’ Warren Buffett to donate $250m to charity after the financial crisis

The billionaire investor Warren Buffett will donate $50m to a charity to support its work after the global financial crisis, the Berkshire Hathaway Company said on Thursday.

The announcement was made at the annual Berkshire Annual Meeting in Omaha.

“The Buffett Legacy Foundation will partner with the National Park Service, which has a strong track record of helping fund local and state parks,” the statement said.

“Buffett will be personally making a gift to the National Parks Conservation Fund, which provides funds to preserve and restore parks around the country.”

Buffett’s foundation said the donation will go to the Parks Conservancy, a 501(c)(3) non-profit organisation.

“We are excited to join our friends and colleagues at the National National Park Services in supporting this vital mission,” said Lisa Sussman, CEO of the Buffett Foundation.

“Over the years, Buffett has given more than $250 million to help local communities by donating more than half a billion dollars to support national parks, conservation programs and other conservation projects, and his gift will go a long way in helping us to help even more communities.”

The announcement comes as the U.S. and Europe are facing renewed pressure to increase spending on infrastructure in response to the economic downturn.

The U.K. government is set to launch a fresh round of austerity measures to try to boost growth, with a new package due next week that would increase fuel excise taxes, cut spending on welfare and increase taxes on businesses.

The measures have also been blamed for slowing the recovery in Europe, where unemployment has fallen to its lowest level since the financial crash.

The European Central Bank on Thursday cut its key interest rate to its record low of 0.25 per cent, a move that was widely seen as a response to slowing growth.

“It is encouraging to see the ECB’s willingness to use policy tools to help strengthen economic recovery in the EU, but it is clear that the EU remains in a weaker position than the U