Billionaire investor Warren Buffett donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family.
FILE - Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting on May 5, 2019, in Omaha, Neb. Buffett donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family on Wednesday, Nov. 23, 2022, but unlike with his planned annual gifts to charity each summer, the donations didn't include the Bill & Melinda Gates Foundation.
A filing with the Securities and Exchange Commission showed Buffett gave 1.5 million Class B shares in the Omaha, Nebraska-based conglomerate he leads to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.
It wasn't immediately clear what prompted the new donations this week, and Buffett didn't immediately respond Wednesday to questions about them. The Gates Foundation and the Buffett family foundations that received the gifts also didn't immediately respond to questions. The Susan Thompson Buffett Foundation keeps a low profile, but over the years it has been a major supporter of abortion rights, making large gifts to Planned Parenthood and other groups. Buffett hasn't announced any changes in his giving plans since the U.S. Supreme Court overturned Roe v. Wade earlier this year.
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