Warren Buffett donates nearly $900 million to charities before Thanksgiving
CBSN
Warren Buffett has donated more than $870 million in Berkshire Hathaway stock to four charitable foundations, a holiday tradition that underscores the billionaire's pledge to give away most of his wealth to philanthropy.
The Oracle of Omaha granted 1.5 million Class B shares of his conglomerate to the Susan Thompson Buffett Foundation, a charitable vehicle that invests in reproductive health and family planning grants, the company said in statement on Tuesday. He also distributed 300,000 Class B shares to each of the three organizations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.
The donations "supplement certain of the lifetime pledges I made in 2006 and that continue until my death (at 93, I feel good but fully realize I am playing in extra innings)," Buffett said Tuesday in a statement.
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