Glide Foundation
Formation1929
TypeCharitable organization
HeadquartersSan Francisco, CA, United States
President and Chief Executive Officer
Interim CEO Malcolm Walter
Key people
  • Jean Cooper
  • Dr. Holly Joshi
  • Cecil Williams
  • Angelo Turner
Websitewww.glide.org

The GLIDE Foundation, based out of San Francisco, California, is a nationally recognized center for social justice, dedicated to fighting systemic injustices, creating pathways out of poverty and crisis, and transforming lives. GLIDE is associated with Glide Church.

Through GLIDE's integrated comprehensive services, advocacy initiatives, and inclusive community, the foundation empowers individuals, families, and children to achieve stability and thrive. GLIDE is on the forefront of addressing some of society’s most pressing issues, including poverty, housing and homelessness, harm reduction, and racial and social justice.

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.

GLIDE's core values emerge from a spiritual movement. They are rooted in empowerment, recovery, and personal transformation. These values inspire and guide its behaviors.

History

In 1929, Methodist philanthropist Lizzie Glide purchased a parcel of land at the intersection of Ellis and Taylor Streets in San Francisco and founded the Glide Foundation as a memorial to her millionaire cattleman husband, H.L. Glide of Sacramento . 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 at the time. This number was tied at the 2016 auction.[2] The 2017 winning bid was $2.68 million.[7] In 2019, the annual auction closed with a winning bid of $4,567,888 by Justin Sun.[8] In 2022, the 21st "Grand Finale" auction closed with a winning record bid of $19,000,100 from an anonymous bidder, bringing the total raised by the annual actions to over $53 million.[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)
21 2022 $19 million[11]
20 2019 $4.57 million[8]
19 2018 $4.23 million[12]
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

References

  1. ↑ "National Register #98001195: Hotel Californian in San Francisco, California". noehill.com.
  2. 1 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. ↑ Buhayar, Noah (10 June 2018). "The Cost of Lunch With Warren Buffett: $2.68 Million". Bloomberg.com. Retrieved 28 July 2018.
  8. 1 2 Berg, Madeline. "Want To Have Lunch With Warren Buffett? Here's How Much It Will Cost You". Forbes. Retrieved 2019-06-03.
  9. ↑ "GLIDE, eBay and Warren Buffett Celebrate the Grand Finale Power of One Charity Auction Lunch with Record-Breaking Winning Bid". 17 June 2022.
  10. ↑ Funk, Josh (2012-06-09). "Cost to lunch with Warren Buffett: $3.5 million". Yahoo! News. Retrieved 2015-06-08.
  11. ↑ "Someone paid $19 million for a steak lunch with Warren Buffet". eBay. 17 June 2022. Retrieved 19 June 2022.
  12. ↑ "Lunch with Warren Buffett hits $4.23 million in eBay auction". 9Finance. 31 May 2018. Retrieved 31 May 2018.
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