Buffett Family and UNO
The Buffett family has had a long relationship with the University of Nebraska at Omaha (UNO).
In this movie Buffett recalls teaching at the University of Omaha in the 1950s and early 1960s. Warren Buffett was interviewed on November 7, 2009 by Chase Moffitt, as part of the "Mr. Buffett the Teacher" documentary project at the University of Nebraska at Omaha.
For a decade, between 1952 and 1962, Warren Buffett taught investing at the Municipal University of Omaha which would later become UNO. The UNO Thompson Learning Center and the UNO Thompson Alumni Center are named in honor of Buffett's late father-in-law. William 'Doc' Thompson, father of Buffett's wife Susan, served as professor of psychology and dean of the College of Arts and Sciences.
The Buffett family contributes to Nebraska public education through the Susan T. Buffett Foundation (STB) and the Sherwood Foundation. The STB foundation provides scholarships for qualifying Nebraska residents with financial need to attend UNO and other Nebraska state public institutions of higher education. Students who receive these scholarships are known as William H. Thompson Scholars. In addition, the foundation awards fifteen K - 12 Nebraska educators the Alice Buffett Outstanding Teacher medallion and cash prize each year in honor of Warren Buffett's aunt.
Carl and Joyce Mammel, early investors in the Buffett Partnership and shareholders of Berkshire Hathaway, along with Ruth and Bill Scott, one of the first employees of the Buffett Partnership and Berkshire Hathaway, made generous gifts allowing the College of Business Administration to build a $38.5 million, 120,000 square foot, state-of-the-art facility without taxpayer funding or incurring any debt. The Mammel gift is the largest single gift to UNO. By coincidence, Mammel Hall was built where the Arksarben (Nebraska spelled backwards) Race Track was located, a former site for Berkshire's famous annual meetings.
Berkshire businesses include many managers and chief executives who are UNO graduates, most notably, Bob Batt ('76 Business) Executive Vice President of Nebraska Furniture Mart (NFM). Batt is the grandson of Rose Blumkin, who founded Nebraska Furniture Mart in 1937. He began working at the company at 14. His mother, Frances Batt, Mrs. B's daughter attended UNO (then Omaha University) in the mid-1930s. Source.
To complete the circle, the UNO Executive MBA now offers a one-of-a-kind course, created and taught by author, leading authority, and shareholder of Berkshire Hathaway, Robert P. Miles, along with several guest speakers, who offer their unique perspectives and help explore the life, investment strategies, management style, and philanthropy of Warren Buffett, Nebraska's most famous student and Omaha's most celebrated citizen.