The Howard G. Buffett Foundation, run by Howard G. Buffett, the son of billionaire investor Warren Buffett, purchased Parks’ personal items, including her Presidential Medal of Freedom, personal papers, notes (which include letter from presidents), awards, honorary doctorates and a postcard signed by Martin Luther King, Jr.
Buffett would only confirm to AP that the purchase had taken place, but would not discuss the terms of the sale. However, Lawrence Pepper, a lawyer for Parks’ heirs, told AP that the sale was for $4.5 million and noted that 12.5 percent is paid to the auction house for brokering the deal. So wait, what does Rosa’s family get?
Reports claim that Parks’ relatives will receive 20 percent of the proceeds from the sale and the remaining balance will go to the Rosa & Raymond Parks Institute for Self Development in Detroit. Rosa Parks is known as the woman who helped pioneer the civil rights movement on one fateful day in Montgomery, Alabama in 1955 when she refused to give up her seat in the front of the bus to a White man.
Hmmm…we wonder what Buffett’s going to do with those artifacts?
Check Out This Gallery Rosa Parks’ Phenomenal Life Story: