Buffett, Nazarian and Sanders to Discuss the Changing Role of Private Wealth in Affecting Social Change.

CENTURY CITY, Calif. -- Presented by City National Bank, This Forum on September 22, Will Examine Allocation Techniques in Use by Leading Philanthropists; LABJ's Matt Toledo to Moderate

Mary Buffett, philanthropist and renowned author; Benjamin Nazarian, prominent private equity investor and major Qualcomm (QCOM) shareholder; and Barry A. Sanders, founding co-chair of Rebuild LA and lead counsel to the Los Angeles Olympic Organizing Committee, are the featured panelists at a luncheon which explores how private wealth is taking on a deeper, more permanent role in the economic, social and ethical make-up of our society. Presented by City National Bank and hosted by the Century City Chamber of Commerce's Law & Business Council, this event will be held on Wednesday, September 22, 2004, at the Century Plaza Hotel in Century City. Sponsors include First Century Bank and Stuart F. Cooper. Matt Toledo, president and publisher of the Los Angeles Business Journal (LABJ), will serve as moderator for the panel.

"As the practice of affecting social change via private wealth grows and changes, so does the need for affluent individuals and their advisors to understand the options available to them," said Brian Weiner, past Law & Business Council chairman and organizer of this event. "Wealth can be used to fund pioneering research into breakthrough cures or scientific studies aimed at finding solutions to sweeping social problems."

With more than $7 trillion of family wealth in the United States expected to pass to the next generation within the coming decade, the event comes at an opportune time to address some of the most pressing issues affecting private wealth. The panel is expected to discuss:

--How well prepared is the "next generation" to handle its wealth and address its goals for charitable giving?

--What are the legal restrictions on charitable giving?

--How does one ensure the longevity of charitable giving?

--What are the potential pitfalls of charitable giving?

Mary Buffett is the author of "Buffettology" and "New Buffettology," which reveal the proven techniques that made her father-in-law, Warren Buffett, the world's most famous investor. Ms. Buffett is one of the best known pioneers of "venture philanthropy," using great wealth to achieve social change. Ms. Buffett has appeared on CNN, CNBC, and Headliners & Legends, and was interviewed for Money magazines' "Show Us Your Portfolio."

Benjamin Nazarian is president of the venture capital firm Omninet Capital, LLC, and CEO of Stadco. In 1985, the principals of Omninet Capital founded Omninet Communications, which developed the first commercial mobile satellite-based data communication system to provide position tracking two-way messaging. In 1988, Omninet merged with Qualcomm, whereby the principals became major shareholders of Qualcomm (QCOM) and served on the company's Board of Directors.

Barry A. Sanders, Executive Counsel and a leading international business lawyer with Latham & Watkins, is a member of the Council on Foreign Relations and Chairman of the Southern California Committee for the Olympic Games. He served as primary outside counsel (1979-1984) to the L.A. Olympic Organizing Committee. After the Los Angeles riots, he was appointed Co-Chair of Rebuild LA with Peter Ueberroth. He recently helped First AME Church establish an inner-city venture capital fund and serves on its board. Mr. Sanders is past Chairman of both the L.A. Philharmonic and the L.A. Public Library Foundation.

The cost to attend the luncheon and seminar is $45 for members of the Century City Chamber of Commerce and the Century City Bar Association, and $60 for non-members. Attorneys can receive MCLE credit for attending. For information on attending, please call the Century City Chamber of Commerce at 310-553-2222.

Founded in 1965, the Century City Chamber of Commerce is dedicated to economic and business development, promoting the Century City community and representing the interests of business. For more information, visit www.centurycitycc.com, or call 310-553-2222.