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In addition to giving away most of his fortune to charity, the billionaire investor Warren E. Buffett also wants it spent quickly.
Mr. Buffett, who last summer pledged more than 12 million Class B shares of Berkshire Hathaway stock to five foundations, with the lion’s share going to the Bill & Melinda Gates Foundation, said today in his annual letter to his company’s stockholders that he will order any stock remaining at his death be used for ‘‘philanthropic purposes within 10 years after my estate is closed.’‘ He estimated his estate should be settled within three years of his death.

The Body Shop and MTV have joined forces with the launch of The Body Shop and MTV Rougeberry as part of the Spray To Change Attitudes Campaign. Profits will go to MTV's Staying Alive Foundation to benefit HIV awareness programmes for young people, who number among half of all new HIV infections.
The foundation provides grants to support young people in areas where AIDS hits hardest through The Staying Alive Awards, and is committed to fighting stigma and improving education to help prevent the spread of HIV. The launch of the fragrance marks the largest multi-platform campaign and is expected to reach more than 1.3bn people globally through all MTV channels.

FairTrade Food in Britain is booming. "Ethical eating" is beginning to enter the mainstream now in the U.K. thanks to a mix of cultural trends, including globalization, marketing and growing awareness of issues such as pollution and labor standards. In recent months, evidence of this quiet food revolution has multiplied. Supermarkets and major retailers are rapidly expanding their fairtrade offerings such that there are now 1,500 different fairtrade goods on the market. Sales reached more than $500 million last year, up 46 percent from the previous year. Last month, one leading supermarket, Sainsbury's, said all its bananas would now be fairtrade. Tea and coffee in another leading retailer, Marks and Spencer, is now exclusively fairtrade.

EBAY have announced that Matt Bannick, currently President of eBay International, will be transitioning out of that role later this year in order to spearhead eBay's initiatives in corporate philanthropy and the developing world. Bannick will continue in his current position over the next several months, working closely with John Donahoe, President of eBay. More details of the transition plan will be announced later this year.

As the NBA's best players recently squared off during the All-Star Game, the United Nations Foundation used the game to spread the word about its malaria-fighting Nothing But Nets campaign.
NothingButNets.net is a Web site dedicated to raising money to buy mosquito netting to prevent the spread of malaria, which is the leading killer of children in Africa.
The NBA's support of the fight against malaria in Africa is another indication of how the league is inching closer to becoming the International Basketball Association. No other professional American league or series shows such diversity. You can get a NothingButNets.net hat today for a $10 donation. It's the best souvenir you can buy because the Bill and Melinda Gates Foundation matches every dollar donated to the effort. Every $10 supplies one insecticide-treated bed net.

Twenty-five million in reward money was offered for the first major trans-continental trans-oceanic airline to achieve zero emissions in the air and on the ground before 2021. Funded by LegalLock, the award will be administered by Robinson Joyce, its president.
More information can be found at www.twentyfivemillion.com

Getty Images, a creator and distributor of visual content, offers Grants for Editorial Photography to enable professional photojournalists around the world to pursue their photojournalism projects.
In 2007, Getty Images will award five photojournalists individual grants of $20,000 each. Grant recipients are given the opportunity to sign a one-year exclusive-rights deal with Getty Images whereby their work will be marketed and available for license to customers worldwide through gettyimages.com, while retaining copyright of their images.
The next grant application deadlines are May 15, 2007 (for three grants to be announced in September) and November 15, 2007 (for two grants to be announced in February 2008).
Visit the Getty Images Web site for further details.

The Flextronics Foundation invests globally and serves as a catalyst for positive change in communities around the world. The Foundation is focused on being an asset to these communities through educational programs, and disaster, community, and medical relief. Emphasis is placed on programs that serve the needs of people in communities where employees of Flextronics, and its suppliers and customers, live and work.
For information on Grant Guidelines
Deadline: Rolling

Cabot Corporate Giving strategy is designed to support Cabot's community outreach activities, with priority given to science and technology education, and community and improvement efforts in the communities where Cabot operate. A key element of this strategy is to have Cabot's four regions — North America, Europe, Asia Pacific and South America — be participants in Cabot's Corporate Giving program.
In 1953, Cabot Corporation Foundation Inc. was established to support qualified charitable, non-profit organizations in the United States. The Foundation's charter was amended in 1992 to include grants to qualified charitable organizations outside of the United States. In addition to the Foundation, Cabot Corporation makes contributions to appropriate organizations. Giving Guidelines
Funding decisions are made four times a year — in January, April, July and October by the Foundation’s Board of Directors.

ORBIS International has announced gifts totalling $17.7 million in support of its efforts to save the eyesight of millions of people around the world. In recognition of the organization's twenty-fifth anniversary, A.L. Ueltschi, chairman of both ORBIS and FlightSafety International, an aviation and marine training company, made a $10 million lead gift to the organization's $100 million capital campaign. In addition, American International Group pledged $5 million over five years for blindness prevention in five countries, while eyecare company Alcon Laboratories renewed its support for the organization with a two-year grant exceeding 2.7m USD in cash and in-kind gifts. See press release

Hoping to restore some of the goodwill that made its flagship product a global icon, Coca-Cola Co. has gone on a clean-water kick in the developing world.
In Kenya, where more than half of the rural population has no access to clean water, the Atlanta beverage giant brought water-purification systems, storage urns, and hygiene lessons to 45 schools in a poor western province.
In Mali, Coke is helping extend municipal water taps beyond the country’s capital of Bamako. In India, where the company has been accused of draining water from poor communities for its own use, the company is building rainwater-harvesting structures to help alleviate chronic water shortages. Coke’s bottlers are also implementing water-efficiency measures.
Coke has some 70 clean-water projects in 40 countries and its bottlers have spent $13.4 million on water-related efforts. Another $35 million is budgeted for 2007.
While Coke has won some praise from global water experts, others complain that it could do much, much more.
Source: Wall Street Journal

Chapel & York Publications

The Transatlantic Community Foundation Network (TCFN) launched its new website. The new site incorporates a number of significant improvements developed on the basis of extensive usability testing. New features of the site include download pages related to TCFN products and meetings, a section full of valuable documents along with a Newsletter site allowing the user to be up to date with all network activities. With a completely new design, lots of new content and with improved user guidance for easy navigation, the TCFN site is a key web resource for every community foundation in the world.