|Stats: 283 members, 6,317 topics. Date: February 20, 2017, 9:29 am|
TnLounge Forum / Donation / Warren Buffett gives $2.9 billion to charity, again (1 Post | 195 Views)
‘Carry the Load’ charity passes through Middle Tennessee / Teen Who Was Once Starving Starts Charity to Pack Weekend Meals for Less Fortunate Kids / Sacramento real estate agent to pay for every animal to be adopted through Dec 31 /
Warren Buffett gives $2.9 billion to charity, again @ 4:37 pm
On Jul 15, 2016
Warren Buffett continues to make good on his promise to give most of his enormous wealth to charity.The billionaire investor gave away $2.9 billion worth of stock in his holding company Berkshire Hathaway, according to an official filing Thursday. He's now made a huge donation 11 years in a row. This year, Buffett is giving 19.6 million Class B shares to five charities. The bulk of the money, $2.2 billion, will go to the Bill and Melinda Gates Foundation. Four other charities with links to the Buffett family will share the rest: Buffett's education-focused charity, which is named after his late wife Susan; the Nebraska-based Sherwood Foundation, chaired by their daughter; the Howard G. Buffett Foundation chaired by his son; and the NoVo Foundation, headed by Buffett's youngest son Peter. Buffett has been giving away his wealth for over a decade now. He gave the five foundations $2.8 billion worth of shares in 2015, following a gift of a similar size the year before that. In 2010, Buffett launched the Giving Pledge with Bill and Melinda Gates. The effort encourages billionaires to commit to giving away most of their money during their lifetimes or in their wills. The pledge isn't a legally binding contract, but more of a moral commitment. So far, 154 individuals and couples have joined the pledge.
Viewing this topic: 1 guest viewing this topic
TnLounge - Copyright © 2016 TnLounge. All rights reserved.
Contact us / How to post on TN
Follow TnLounge on Facebook and Twitter
Disclaimer: Every TnLounge member is solely responsible for anything that he/she posts or uploads on TnLounge.