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

Friday, June 28, 2019, Vol. 43, No. 26

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.