NEW YORK (AP) " A foundation run by the youngest son of billionaire investor Warren Buffett is announcing its strategy for distributing $90 million to help improve the lives of young women and girls of color.
The NoVo Foundation was created in 2006 by Jennifer and Peter Buffett, the youngest son of Warren Buffett.
The New York City-based foundation says it will let the girls and their advocates determine what their needs are, rather than be told what the money has to be used for. The foundation on Thursday will officially announce how its $90 million commitment over seven years will be carried out.
The unveiling of the grant-making process comes a year after the foundation first announced the investment. It has spent the months since canvassing the country talking to girls and their advocates.