Warren Buffett Donates $6 Billion to Five Foundations

Reported about 10 hours ago

Investor Warren Buffett has announced a $6 billion donation of Berkshire Hathaway stock to five foundations, bringing his total contributions to about $60 billion since 2006. The largest share will go to the Bill & Melinda Gates Foundation Trust, while the other foundations will receive varying amounts of Class B shares, valued at approximately $485.68 each. Buffett plans to shift control of his estate’s remaining wealth to his children after his death, marking a shift in his philanthropic strategy.

Source: YAHOO

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