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VOL. 43 | NO. 26 | Friday, June 28, 2019

Buffett giving annual stock gifts worth $3.6B to 5 charities

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OMAHA, Neb. (AP) — Investor Warren Buffett continues giving fortune away with $3.6B in Berkshire Hathaway stock to five foundations.

Buffett has now given away stock worth roughly $34 billion since he started distributing parts of his fortune in 2006.

Buffett disclosed the annual gifts Monday. The biggest donation went to the Bill & Melinda Gates Foundation. Buffett also gave stock to his own foundation and to the foundations run by each of his three children.

Buffett converted 11,250 Class A shares of Berkshire stock to 16,875,000 Class B shares, then donated 16,811,941 shares to the five foundations.

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