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.

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.

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. The winning bid in 2006 was $620,100, won by Duan Yongping, a California investor. In 2008, Mohnish Pabrai and Guy Spier won the auction for $650,100. The 2009 auction was won with a bid of $1.68 million by an anonymous bidder In 2011 an anonymous bidder paid $2,626,411 for a lunch with Buffet. 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. The 2017 winning bid was $2.68 million. In 2019, the annual auction closed with a winning record bid of $4,567,888.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.

Power Lunch Winning Bids