Purpose Built Communities held their 8th annual conference in Omaha this year, from October 2 – 4th. Warren Buffet, who co-founded Purpose Built Communities alongside Tom Cousins and Julian Robertson spoke towards the importance of governments and philanthropists stepping up to the plate to combat poverty.

“The American dream has succeeded in aggregate. We have failed, in my view, to create the equality of opportunity,” Buffett said Tuesday at the national Purpose Built Communities conference in Omaha.

Purpose Built Communities, a collective of philanthropists ranging from past Mayors to community planners, was founded in 2009 with a mission to create better outcomes for residents living in underserved areas. To date, Purpose Built has successfully provided free consulting services to 18 communities across the U.S., primarily in the Mid-West and along the East Coast.

To read more on the Purpose Built Conference, you can read the article by Biz Journals here, and the Denver Post here.