Berkshire Hathaway CEO Warren Buffett's total donations hit a new level on Wednesday as the billionaire continues to gradually give away nearly all of his fortune.
total donations hit a new high on Wednesday as he disbursed millions of shares of the conglomerate to the Bill & Melinda Gates Foundation and other organizations.
The Bill & Melinda Gates Foundation, formed in 2000 by its eponymous founders, received a gift of 10.45 million Class B shares,More than 3.2 million additional shares went tolinked to Buffett's family, making this year’s iteration of his annual charitable disbursement total 13.69 million shares of Berkshire Hathaway Class B stock, according to the company.
Warren Buffett, center, with his children Peter Buffett and Susie Buffett attend the"Becoming Warren Buffett" world premiere at The Museum of Modern Art in New York City on Jan. 19, 2017. Collectively, the donations brought the amount Buffett has given to the charities to more than $50 billion over the course of about 17 years.Berkshire said 1.05 million shares were given to the Susan Thompson Buffett Foundation. The Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation, meanwhile, received 2.2 million altogether.
The Susan Thompson Buffett Foundation, named after Buffett's late wife, works in reproductive health. The Howard G. Buffett Foundation focuses on alleviating hunger, mitigating conflicts and improving public safety. The Sherwood Foundation supports nonprofits in Nebraska, and the NoVo Foundation has initiatives focused on girls and women.
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