Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death [Financial Post (Toronto, Ontario, Canada)]
Berkshire Hathaway Inc. New (BRK.B)
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Source: Financial Post
OMAHA, Neb. (AP) — Investor Warren Buffett announced another $5.3 billion in charitable gifts Friday, but in a major shift of his longtime giving plan he said he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to distribute the rest of his $128 billion fortune. Buffett laid out his new plan for his estate in an interview with the Wall Street Journal. The 93-year-old billionaire who leads Berkshire Hathaway didn't immediately respond to questions from The Associated Press on Friday about his plan that calls for Howard, Susie and Peter Buffett to unanimously agree where to give his Berkshire Hathaway stock after his death. Article content Buffett has given about $55 billion worth of Berkshire stock to five foundations since he outlined his giving plan in 2006, with the biggest share by far going to the Gates Foundation. The other four foundations are affiliated with his family, including the ones each of his
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