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Buffett

Howard Buffett describes plans in 2016 to construct a large amphitheater in Nelson Park, partially funded by a grant from his foundation. The Buffett Foundation on Wednesday plans to announce another major investment in the community. 

DECATUR — The private foundation of Macon County Sheriff Howard Buffett plans to announce "an unprecedented investment" in the community, the foundation said Monday. 

The organization said the announcement is related to the future of Decatur and the community's health. It is scheduled for 4 p.m. Wednesday at 415 E. King St. The property, near Crossing Healthcare and the Wabash Crossing neighborhood, is owned by Crossing, according to Macon County records

Crossing, Baby TALK and the city of Decatur are also involved.

No other information was released.

Buffett, who was appointed sheriff in September, is the the oldest son of billionaire investor and Berkshire Hathaway Chairman Warren Buffett. He came to Decatur as an executive for Archer Daniels Midland Co. in the 1990s.

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Through his foundation, he has donated millions to Central Illinois projects, from funding for the Boys & Girls Club of Decatur to money for an amphitheater in Nelson Park to support for a new city-owned fiber-optic network. He also financed a new law enforcement exhibit at the Children's Museum of Illinois, a train at the Scovill Zoo and a neighborhood revitalization program for the city.

“There’s a lot of good people in those neighborhoods, but they don't have the resources to do what they would like to do,” Buffett said in November. “So the city’s got to do it for them and that takes a lot of money sometimes.”

Funding totaling $1.65 million also was given to Decatur schools to create the Dwayne O. Andreas Ag Academy in December. In April, he donated $1.2 million to buy 109.8 acres near Harristown for a new recycling center, compost facility and office building for the county Environmental Management Department.

Many of his recent investments have centered on the Macon County Sheriff's Office. In October 2016, he pledged $15 million to build a law enforcement training center on the city’s south side, where police recruits from around the state are housed and trained for 12- to 14-week sessions. The foundation in October announced that it would build a new $4.2 million facility nearby for the Central Illinois Regional Dispatch Center, which is expected to open Jan. 1.

Last month, it was announced the Howard G. Buffett Foundation was among five foundations receiving converted shares of Berkshire Hathaway worth a combined $3.4 billion. The biggest donation went to the Bill & Melinda Gates Foundation. 

Berkshire Hathaway in June hired Lee Enterprises, the corporate parent of the Herald & Review, to manage its newspaper properties. 

The Buffett Foundation also donates extensively to food security and international conflict resolution projects. In November, Buffett was elected into Decatur’s Wall of Fame.

“I had it instilled in me that you have to be in the community and be a part of the community,” he said at the time. 

Buffett in September was appointed to fill out the remainder of retiring Sheriff Thomas Schneider's term. He previously was a volunteer and undersheriff for the department. 

Buffett told the Herald & Review in December that his role has shaped his donations. 

“We’ll give more money (in 2017), next year and maybe the following year in Decatur than we would have ever done if I weren’t in this office because I wouldn’t be here as much and I wouldn’t be as involved and see as much as I see,” he said. 


 

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