Peter Buffett, in letter to Kingston, cites NoVo Foundation’s successes, but cites bureaucracy and polarization as obstacles – Daily Freeman

KINGSTON, N.Y. – While the NoVo Foundation, which has poured tens of millions into the community in recent years, has achieved accomplishments, change is slowed by bureaucracy and polarization, according to Peter Buffet, who is a co-founder of the charitable organization and son of multi-billionaire investor Warren Buffett.

In a 2022 “Letter to Kingston” published on Thursday on the website Medium, Buffet points out several NoVo project accomplishments, part of the multi-million dollar grant outlay by the philanthropic group to Kingston efforts and other endeavors in the region.

The foundation is controlled by Buffett and his wife, Jennifer.

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