Warren Buffett donates $3.6 billion of stock to five foundations
Live MintNew York: Warren Buffett agreed to donate $3.6 billion worth of Berkshire Hathaway Inc. stock to five charities, including the Bill & Melinda Gates Foundation, in his latest disposal since making a pledge to give the shares away. Buffett has spent more than five decades crafting Berkshire Hathaway into a company with a market value of more than half a trillion dollars, spanning industries from insurance to manufacturing. The billionaire investor has long supported the Gateses’ charitable endeavors, and said in 2006 that he aimed for the stock donations to ramp up their foundation’s “already impressive effectiveness” addressing societal problems. Buffett is also giving stock to the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.