Buffett donates over $750 million in Berkshire stock to charity

Warren Buffett certainly sees this as giving season.

The billionaire investor on Wednesday donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family.

Wednesday’s donations mark the first time the 92-year-old has made a second major donation in the same year.

Buffett makes annual donations to five charities each summer, but this additional round of donations did not include the Bill & Melinda Gates Foundation.

Portrait of Warren Buffett

Billionaire investor and philanthropist Warren Buffett (Daniel Zuchnik/WireImage/Getty Images)

Buffett began making annual donations to the same five charities in 2006 when he unveiled a plan to give away his fortune over time, with the Gates Foundation receiving the largest donations.

A Securities and Exchange Commission filing showed Buffett donated 1.5 million Class B shares to the Susan Thompson Buffett Foundation, named after his first wife.

He also donated 300,000 Class B shares each to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.

In June, he donated 11 million Class B shares to the Gates Foundation, 1.1 million B shares to the Susan Thompson Buffett Foundation and 770,218 shares each to his three children’s foundations.


Buffett children

Warren Buffett (C) poses for a photo with his children Peter Buffett and Susie Buffett. ((Photo by Bennett Raglin/WireImage)/Getty Images)

It was not immediately clear what prompted the new donations this week.

The Susan Thompson Buffett Foundation has been a major proponent of abortion rights, making significant donations to Planned Parenthood and other groups.

Buffett hasn’t announced any changes to his donation plans since the U.S. Supreme Court struck down Roe v. Wade earlier this year.

Susie Buffett, 69, uses her Sherwood Foundation to strengthen early childhood education and support a number of projects around Buffett’s hometown of Omaha, where she also lives.


Howard Buffett, 67, helps farmers in poor countries produce more and works to end world hunger with his eponymous foundation.

Howard Buffet

Howard G. Buffett, Chairman and CEO of the Howard G. Buffett Foundation and son of billionaire Warren Buffett. (Victor J. Blue/Bloomberg via Getty Images/Getty Images)

Peter Buffett, 64, has dedicated his NoVo Foundation to empowering women and girls around the world through education, collaboration and economic development to end violence against women.

Even after these latest giveaways, Buffett still controls more than 31% of Berkshire’s voting rights.

The Associated Press contributed to this report.

#Buffett #donates #million #Berkshire #stock #charity