Buffett gives nearly $3 billion in stock to five foundations
Warren Buffett said Thursday he gave $2.86 billion worth of his Berkshire Hathaway Inc. stock to five foundations, bringing his total annual contributions to $24.5 billion since his 2006 pledge to give the bulk of his wealth to the foundations.
This year’s dollar amount is a record for Buffett because the price of the shares of stock has risen since last year, when he donated Berkshire shares worth $2.83 billion.
The 11-year total, calculated from the price of the shares each year they were given, would be close to $35 billion at today’s price of shares in Berkshire, the Omaha-based conglomerate where Buffett serves as chairman and chief executive.
In a securities filing Thursday, Buffett said that on Wednesday he donated $2.18 billion worth of shares to the Bill & Melinda Gates Foundation; $218 million to the Susan Thompson Buffett Foundation, named for his late wife; and $153 million each to foundations headed by his three children.
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