Warren Buffett To Donate $3.6B In Berkshire Hathaway Stock To 5 Foundations, Including Gates

Wall Street Journal: Warren Buffett to Donate $3.6 Billion of Berkshire Stock to Five Foundations
“Warren Buffett, chairman of Berkshire Hathaway Inc., will donate his shares worth about $3.6 billion to five foundations, as part of his plan to give away most of his wealth to charities and other philanthropic efforts. The company said Monday that Mr. Buffett, 88 years old, plans to convert 11,250 shares of his Berkshire Hathaway Class A stock into roughly 16.9 million shares of Class B stock. Around 16.8 million of the Class B shares will be donated to the Bill & Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation…” (Chin, 7/1).

Additional coverage of Buffett’s donations is available from CNN Business, Forbes, and Los Angeles Times.