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- “My will provides that more than 99% of my estate is destined for philanthropic usage,” he wrote in the press release. In 2006, Buffett pledged to give away 85% of his stock in the company to charity, designating the majority of it to the Bill & Melinda Gates Foundation.
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Jun 28, 2022 · In 2006, Buffett told Fortune he would start giving away his money, and that 85% of his Berkshire Hathaway stock would eventually go toward five foundations. He planned to give more than...
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- Gates Foundation
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Allen Greenberg, the executive director of the foundation, was married from 1983 to 1995 to the Buffetts' daughter, Susie, who is chair. The Buffett Foundation was set up in 1964 but had no director until Greenberg took the job in 1987.
Susan Buffett's will bestowed about $2.5 billion on the foundation, to which her husband's further gifts of $315 million have been added.
The Buffett Foundation does not accept unsolicited requests, preferring instead to seek out worthy recipients on its own. Of the $17.6 million that the Buffett Foundation donated in the fiscal year ended June 30, 1999, nearly $3.8 million went to Planned Parenthood, among its top contributors. It also involves itself directly at the clinic level. I...
In the 1990s, the Buffett Foundation helped finance the development of the abortion drug RU-486. Between 2001 and 2014, the foundation contributed over $1.5 billion to abortion related causes, including at least $427 million to Planned Parenthood and $168 million to the National Abortion Federation. It has also funded the Guttmacher Institute, whic...
Warren Buffett's intention was originally to leave 99% of his estate to the Buffett Foundation, but in June 2006 he announced that he would give 85% of his wealth to the Bill & Melinda Gates Foundationinstead. Buffett stated that he changed his mind because he has grown to admire Gates's foundation over the years; he believed that the Gates Foundat...
The vast bulk of Buffett's wealth consists of his personal holdings in Berkshire Hathaway, a conglomerateof which he controls almost 40% directly, and which he has managed personally since the mid-1960s. Giving away such a large part of his company holding could prove problematic in that much of the business of Berkshire Hathaway consists of stock-...
Jun 23, 2023 · Warren Buffett's annual contribution to five foundations this year totals nearly $4.6 billion, his largest thus far. ... Susan in 2004 after she left $2.5 billion of her estate to the foundation ...
Jun 22, 2023 · In 2006, Buffett pledged to give away 85% of his stock in the company to charity, designating the majority of it to the Bill & Melinda Gates Foundation.
- Chloe Berger
- chloe.berger@fortune.com
Jun 27, 2021 · The Gates Foundation’s share of the $4.1 billion donation Buffett announced Wednesday was more than $3.2 billion, which brings the total amount he’s given to the Gates Foundation to nearly $33 ...
Jun 23, 2021 · June 23, 2021. Warren Buffett, the chairman and chief executive of Berkshire Hathaway, said on Wednesday that he had resigned as a trustee of the Bill and Melinda Gates Foundation, coming...
Jun 22, 2022 · In 2006, the Omaha billionaire made a pledge worth tens of billions of dollars: He would earmark 85% of his stock in his company, Berkshire Hathaway Inc., for charity, with the bulk going to...
