Warren Buffett Cuts Gates From Stock Donations—Gives To His Childrens’ Charities

Topline

Warren Buffett excluded the Gates Foundation from his midyear donations for the first time since 2006, opting instead to donate thousands of Berkshire Hathaway shares worth almost $6 billion to four foundations run by his children.

Key Facts

In a statement released on Tuesday, Buffett said he would donate 9 million Class B shares (worth about $4.4 billion) to the Susan Thompson Buffett Foundation, as well as 1 million each (each donation worth about $496 million) to the Sherwood Foundation, founded by Susie Buffett, the Howard G. Buffett Foundation and the Novo Foundation, founded by Peter and Jennifer Buffett.

Buffett had also been…

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