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What Warren Buffett said after donating $5.3 billion Berkshire shares to charity – Charitable Contributions

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Charitable Contributions

Billionaire Warren Buffett announced on Friday his highest-ever annual donation of Berkshire shares worth $5.3 billion to charity. This donation increases Buffett’s overall giving to charities to about $57 billion, including contributions to family charities over the last two Novembers.

ETMarkets.com

Charitable donations
Buffett donated his Berkshire shares to five foundations: 9,930,357 to the Bill & Melinda Gates Foundation Trust, 993,035 shares to the Susan Thompson Buffett Foundation and 695,122 shares to each of the Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.

ETMarkets.com

Donation Details
The latest donation, announced on Friday, included approximately 13 million (1.3 crore) Berkshire Class B shares. Buffett converted 8,674 Class A shares into 13,011,000 Class B shares to facilitate the donation of nearly 13,008,758 Class B shares of Berkshire Hathaway.

ANI

Buffett's Ownership Details

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Buffett’s Ownership Details

Warren Buffett now owns 207,963 (2.08 lakh) Class A shares and 2,586 Class B shares.

Reuters

​Buffett on his wealth generation

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​Buffett on his wealth generation

Buffett stated that nothing extraordinary had occurred at Berkshire; a very long runway, simple but generally sound capital deployment, the American tailwind and compounding effects produced his current wealth. His will provides that more than 99% of his estate is destined for philanthropic usage.

Getty Images

Buffett's Will
Warren Buffett’s letter dated November 21, 2023, has outlined the procedures of his will, which he stated are unlikely to be changed before his death. His current will would become public upon his demise.

AP

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