The Glide Foundation is a charity organization that helps the homeless, based in
San Francisco, California
San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...
, associated with devout Methodist Lizzie Glide and the
Glide Church.
History
Glide and the foundation bought the
Hotel Californian two blocks from the church in 1935 and it was operated as a
temperance hotel for decades. She also funded a home for young working Christian women and a dorm for young Christian women at U.C. Berkeley.
Recent activities
The foundation has worked with investor
Warren Buffett
Warren Edward Buffett ( ; born August 30, 1930) is an American investor and philanthropist who currently serves as the chairman and CEO of the conglomerate holding company Berkshire Hathaway. As a result of his investment success, Buffett is ...
who has donated the proceeds from his
eBay
eBay Inc. ( , often stylized as ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide. ...
"Power Lunch with Warren Buffett" auctions to Glide. As of 2017, he had raised nearly $24 million for the Foundation.
The winning bid in 2006 was $620,100, won by
Duan Yongping
Duan Yongping (; born 1961) is a Chinese-American billionaire entrepreneur and electrical engineer. He was the director of the Subor Electronics Industry Corporation and founded BBK Electronics Group (also the former Chairman). Duan's net worth ...
, a California investor. In 2008,
Mohnish Pabrai and
Guy Spier
Guy Spier (; born February 4, 1966) is a Zurich-based Swiss-German-Israeli investor. He is the author of ''The Education of a Value Investor''. Spier is the manager of the Aquamarine Fund with $400 million in assets. He is well known for bidding ...
won the auction for $650,100. The 2009 auction was won with a bid of $1.68 million by an anonymous bidder In 2011 an anonymous bidder paid $2,626,411 for a lunch with Buffet. The June 9, 2012 auction for lunch with Buffett yielded a record figure of $3,456,789; the highest figure paid for lunch with the investor at the time. This number was tied at the 2016 auction.
The 2017 winning bid was $2.68 million. In 2019, the annual auction closed with a winning bid of $4,567,888 by
Justin Sun
Justin Sun ( zh, s=孙宇晨, p=Sūn Yǔchén; born July 30, 1990) is a Chinese-born Kittitian crypto billionaire and businessperson. He is the founder of TRON, a cryptocurrency with an associated blockchain DAO ecosystem and USDD, a stablecoi ...
.
In 2022, the 21st "Grand Finale" auction closed with a winning record bid of $19,000,100 from an anonymous bidder, bringing the total raised by the annual actions to over $53 million. The Glide auction's winners traditionally dine with Buffett at New York's Smith and Wollensky steak house. The restaurant donates at least $10,000 to Glide each year to host the auction lunch.
Power Lunch Winning Bids
{, class="wikitable"
, -
! Event number
! Year
! Winning bid (USD)
, -
, 21
, 2022
, $19 million
, -
, 20
, 2019
, $4.57 million
, -
, 19
, 2018
, $4.23 million
[{{cite news , title = Lunch with Warren Buffett hits $4.23 million in eBay auction , url = https://finance.nine.com.au/2018/05/31/10/02/lunch-with-warren-buffett-hits-4-million-in-ebay-auction , publisher = 9Finance , date = 31 May 2018 , accessdate = 31 May 2018 , archive-date = 22 August 2018 , archive-url = https://web.archive.org/web/20180822105904/https://finance.nine.com.au/2018/05/31/10/02/lunch-with-warren-buffett-hits-4-million-in-ebay-auction , url-status = live ]
, -
, 18
, 2017
, $2.68 million
, -
, 17
, 2016
, $3.46 million
, -
, 16
, 2015
, $2.35 million
, -
, 15
, 2014
, $2.16 million
, -
, 14
, 2013
, $1 million
, -
, 13
, 2012
, $3.46 million
, -
, 12
, 2011
, $2.63 million
, -
, 11
, 2010
, $2.63 million
, -
, 10
, 2009
, $1.68 million
, -
, 9
, 2008
, $2.1 million
, -
, 8
, 2007
, $650,100
, -
, 7
, 2006
, $620,100
, -
, 6
, 2005
, $351,100
, -
, 5
, 2004
, $202,100
, -
, 4
, 2003
, $250,100
, -
, 3
, 2002
, $25,000
, -
, 2
, 2001
, $18,000
, -
, 1
, 2000
, $25,000
References
Foundations based in the United States
Organizations based in the San Francisco Bay Area