> Warren Buffett Blog: Warren Buffett donates almost $3 billion to charity

Monday, July 13, 2015

Warren Buffett donates almost $3 billion to charity

Warren Buffett has just donated more than $2.8 billion to charity.

He made the donation by transfering 20.64 million Berkshire Hathaway Class B shares. The announcement was made on the company’s website. Each year in the last few have been stratospheric, including another $2.8 billion in 2014 , and $2.6 billion in 2013. 

As in the past, the major recipients are the Bill and Melinda Gates Foundation, plus foundations set up by Buffett family members, including the Susan Thompson Buffett, Sherwood, Howard G. Buffett and NoVo Foundations. Mr. Buffett has pledged to give away 99% of his wealth, and his lifetime giving now tops $25.5 billion. He and Bill Gates created the Giving Pledge to encourage the world’s wealthiest people to donate a substantial portion of their fortunes to charity.