Glide Foundation

The Glide Foundation is a charity organization that helps the homeless, based in San Francisco, California, associated with devout Methodist Lizzie Glide and the Glide Church.

Glide Foundation
Motto"GLIDE's mission is to create a radically inclusive, just and loving community mobilized to alleviate suffering and break the cycles of poverty and marginalization."
Formation1929
TypeCharitable organization
HeadquartersSan Francisco, CA, United States
President and Chief Executive Officer
Karen Hanrahan
Key people
  • Jay Williams
  • Rita Shimmin
  • Cecil Willians
  • Janice Mirikitani
Websitewww.glide.org

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.[1]

Recent activities

The foundation has worked with investor Warren Buffett who has donated the proceeds from his eBay "Power Lunch with Warren Buffett" auctions to Glide. As of 2017, he had raised nearly $24 million for the Foundation.[2] The winning bid in 2006 was $620,100, won by Duan Yongping, a California investor.[3] In 2008, Mohnish Pabrai and Guy Spier won the auction for $650,100.[4] The 2009 auction was won with a bid of $1.68 million by an anonymous bidder[5] In 2011 an anonymous bidder paid $2,626,411 for a lunch with Buffet.[6] 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. This number was tied at the 2016 auction.[7] The 2017 winning bid was $2.68 million.[8] In 2019, the annual auction closed with a winning record bid of $4,567,888[9].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.[10]

Power Lunch Winning Bids
Event number Year Winning bid (USD)
20 2019 $4.57 million[9]
19 2018 $4.23 million[11]
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
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References
  1. "National Register #98001195: Hotel Californian in San Francisco, California". noehill.com.
  2. "Buffett to auction off lunch for California homeless charity". Fox Business. 2017-05-09. Retrieved 2017-05-10.
  3. Stein, George; Bodzin, Steven (2006-06-30). "Chance to Dine With Buffett Sells for $620,100 in eBay Bidding". Bloomberg.
  4. Spier, Guy (2008-06-30). "My $650,100 Lunch with Warren Buffett". TIME. Retrieved 2015-06-08.
  5. Gaskell, Adrian (2009-06-29). "1.68 Million buys you lunch with Warren Buffett". Archived from the original on 2011-08-29.
  6. Smith, Aaron (2011-06-10). "Buffett lunch sets $2.62 million record after all". CNN. Retrieved 2015-06-08.
  7. "Buffett to auction off lunch for California homeless charity". Fox Business. 2017-05-09. Retrieved 2017-05-10.
  8. Buhayar, Noah (10 June 2018). "The Cost of Lunch With Warren Buffett: $2.68 Million". Bloomberg.com. Retrieved 28 July 2018.
  9. Berg, Madeline. "Want To Have Lunch With Warren Buffett? Here's How Much It Will Cost You". Forbes. Retrieved 2019-06-03.
  10. Funk, Josh (2012-06-09). "Cost to lunch with Warren Buffett: $3.5 million". Yahoo! News. Retrieved 2015-06-08.
  11. "Lunch with Warren Buffett hits $4.23 million in eBay auction". 9Finance. 31 May 2018. Retrieved 31 May 2018.
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