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Februrary 22, 2010
CONTACT: Denise Lamott, 415.381.8793, Denise@DeniseLamottPR.com


GLIDE AUCTION WINNER TO HAVE THE LUNCH OF A LIFETIME WITH WARREN BUFFETT

Annual eBay Charity Auction Lunch at New York's Smith and Wollensky Brought in $1,680,300 for San Francisco's Glide Foundation     

NEW YORK, NY – Legendary investor and philanthropist Warren Buffett will have lunch today at Smith & Wollensky in New York City with eight guests of Salida Capital, the Canadian wealth management firm who bid $1,680,300 to win the tenth annual eBay Charity Auction for the Glide Foundation in San Francisco.  

"We have been looking forward to this wonderful opportunity to sit down with one of the world’s greatest investors,” says Courtenay Wolfe, President and CEO of Salida Capital. “He has invaluable perspective and experience – something that is priceless at this unique time in history. And the fact that we can benefit from something that is, in turn, benefiting such a worthy foundation makes it doubly rewarding.”

Each year for the past ten years, Mr. Buffett has generously offered a power lunch for up to eight people to benefit the Glide Foundation.  It is truly a one-of-a-kind opportunity as Mr. Buffett only donates one charity lunch each year. The lunch is auctioned through eBay Giving Works and hosted by Smith & Wollensky in New York City. Alan Stillman, founder of Smith & Wollensky, has generously donated $25,000 for the privilege of hosting the lunch.  Smith & Wollensky has been called “the quintessential New York steakhouse” by Gourmet magazine and “the steakhouse to end all arguments” by the New York Times.  

This year’s auction will take place in June 2010, and bidders can pre-qualify through Kompolt, specialists in cause-branded social media.

“We are more grateful than ever for the incredible generosity of Mr. Buffett and Salida Capital,” said Glide’s Reverend Cecil Williams. “These times have been the worst for the poorest of our neighbors. We’ll put this money to work immediately – offering direct help to feed, clothe, house, provide free healthcare and help stabilize people’s lives during a most unsettling time.”

“For more than forty years, Glide has tirelessly helped the poorest San Franciscans,” said Mr. Buffett. “It’s a pleasure to support the work of such a great organization.”

About GLIDE
Located at Ellis and Taylor in the Tenderloin, one of San Francisco's harshest urban environments, Glide Foundation is an oasis that has served the poor and disenfranchised for 45 years. From serving nearly one million meals a year, to operating a professional medical clinic, to providing affordable housing, to youth job training, to offering weekly spiritual celebrations at Glide Church, and much more – Glide touches the lives of many people. Glide has helped thousands of disenfranchised and poor people get back on their feet and find their way to jobs, housing and spiritual fulfillment.  

About Salida Capital
Founded in 2001, Salida Capital is one of Canada’s leading private alternative investment management firms. Salida Capital manages approximately 600 million dollars through private funds and separately managed accounts for a growing global client base of family offices, high net worth individuals, institutions and funds of funds. The Salida Capital investment team is one of the leading precious metals and natural resources teams in Canada with an average of 16 years industry experience through multiple financial and commodity cycles. Salida Capital has been recognized globally through numerous awards and accreditations for delivering industry leading products and performance. Partner and employee personal capital represents a significant portion of assets under management. Salida Capital is the exclusive investment advisor to the Salida funds and the BTR funds.

2010 Warren Buffett Lunch Auction
The 2010 Warren Buffett Lunch Auction will open for bids on June 6, 2010 at 7:30pm PDT and close on June 11, 2010 7:30pm PDT.

For more information about this year’s auction, please visit: www.GlideLunchWithWarrenBuffett.com.

For information on the Glide Foundation please visit www.GLIDE.org or contact Tod Thorpe in the Glide Foundation Development office at (415) 674-6072 or at tthorpe@glide.org.

 

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