Buffett ups remaining gift to his kids’ charities
By Josh Funk
Topics: From the Wires, News
OMAHA, Neb. (AP) — Warren Buffett has decided to increase significantly the amount of stock he gives the foundations run by his three children, so they will each eventually get roughly $2.1 billion.
Buffett announced the change in his charitable giving plan on his 82nd birthday Thursday in a letter that the Omaha World-Herald reported.
In 2006, Buffett promised to give roughly $1.5 billion of Berkshire Hathaway stock to each of the foundations his children run as part of a plan give the bulk of his fortune to charity.
The biggest share of Buffett’s $44.7 billion fortune will go to the Bill & Melinda Gates Foundation, and another sizeable gift will go to the foundation Buffett created with his first wife. He did not change those pledges.
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Follow Josh Funk online at www.twitter.com/funkwrite
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