It’s a very happy Thanksgiving at a number of charities that recently received large donations from Warren Buffett, who continues to give away his fortune in Berkshire Hathaway stock.
Buffett donated 2.4 million B shares of Berkshire Hathaway, with a value of roughly $759 million, to a number of charities, including 1.5 million shares to the Susan T. Buffett Foundation.
The Susan T. Buffett Foundation has offered scholarships to college students in Nebraska for over 50 years, and is named for his late first-wife.
Additional charities receiving donated shares include:
A total of 900,000 shares split between charities overseen by his children Howard, Susan and Peter: the Howard G. Buffett Foundation, the Sherwood Foundation and the Novo Foundation.
Since 2006, Warren Buffett has donated more than half of his Berkshire shares, with a value of over $46 billion at the time of the donations.
© 2022 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.