The Gates Foundation which aims to improve education and health and reducing poverty, receives the biggest share of Buffett’s donation.
Also receiving donations were the Susan Thompson Buffett Foundation, named for Buffett’s late first wife, and the Howard G.
Warren E. Buffett has today given 20,640,653 Berkshire Hathaway Class “B” shares to five foundations.
In this photo from May 4, 2015, Berkshire Hathaway Chairman and CEO Warren Buffett smiles in Omaha, Neb., during an interview with Liz Claman on the Fox Business Network.
It’s the tenth year in a row that Buffett has contributed to the foundations, which include the Bill and Melinda Gates Foundation and four other charities headed by his family. This is part of Buffett’s plan to gradually give away his fortune. This year: more than $2.8 billion.
Bill Gates, the Microsoft Corp co-founder, ranked first, at $78.7 billion, Forbes said after USA markets closed.
Buffett donated $2.8 billion to a number of charities previous year as well. The charities then sell the donated shares to finance their operations reflecting Buffett’s desire for the money to be spent on the causes.