Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

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Bill And Melinda Gates Foundation News

Warren Buffett,Financial Services,Berkshire Hathaway

Investor Warren Buffett has announced another $5.3 billion in charitable gifts Friday. But in a major shift of his longtime giving plan, he says he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to distribute the rest of his $128 billion fortune.

FILE - Warren Buffett , chairman and CEO of Berkshire Hathaway , smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha , Neb., May 5, 2019. Buffett is giving away another $5.3 billion worth of Berkshire Hathaway stock to five foundations in accordance with his longtime giving plan. OMAHA , Neb. — Investor Warren Buffett announced another $5.

Buffett will leave it up to his kids to decide what to do with his Berkshire stock, much like he does now when he lets the foundations decide how to use his gifts. He said they already know the goal of his giving. “Warren Buffett has been exceedingly generous to the Gates Foundation through more than 18 years of contributions and advice,” Suzman said. “He has played an invaluable role in championing and shaping the foundation’s work to create a world where every person can live a healthy, productive life. We are deeply grateful for his most recent gift and contributions totaling approximately $43 billion to our work.

Warren Buffett Financial Services Berkshire Hathaway Inc. General News Finance Business Domestic NE State Wire WA State Wire Philanthropy Nebraska Omaha N Business Bill Gates U.S. News U.S. News

 

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