Buffett donates record $2.84 billion to Gates, family charities
Source: Reuters
US | Mon Jul 6, 2015 12:46pm EDT
By Jonathan Stempel
Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire' s plan to give away nearly all of his wealth.
The 10th annual donation, Buffett's largest, comprised 20.64 million Class "B" shares of Berkshire, and increased Buffett's total contributions to the charities to more than $21.5 billion.
The Gates Foundation, which focuses on improving education and health and reducing poverty, receives the biggest share.
Also receiving donations are the Susan Thompson Buffett Foundation, named for Buffett's late first wife, and the Howard G. Buffett, Sherwood and NoVo Foundations, respectively overseen by his children Howard, Susan and Peter.
....
(Reporting by Jonathan Stempel in New York; Editing by Richard Chang)
Read more: http://www.reuters.com/article/2015/07/06/us-buffett-charities-idUSKCN0PG1WT20150706
SoapBox
(18,791 posts)Ya it's in stock...but I'm scrapping to donate $10 to Bernie.
Ed Suspicious
(8,879 posts)bucolic_frolic
(43,182 posts)why he's piggybacking on the Gates Foundation? I know they're friends, but
billionaires are not usually lacking for original ideas.
Paulie
(8,462 posts)About a decade ago.
TexasBushwhacker
(20,202 posts)He thought setting up his own foundation would be redundant. He has been quite generous to his children as well. They all run their own foundations.
davidpdx
(22,000 posts)set up all the mechanisms to process grant requests and disperse the grants and their goals are very similar.
24601
(3,962 posts)like supporting 240601's personal lifestyle. It's kinda just like ******* ****** *******, except that I'll be transparent, really, I promise.