» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 132 | Tuesday, July 09, 2013

Buffett Makes Annual Stock Donations to Charities

AP

Print | Front Page | Email this story | Comments ()

OMAHA, Neb. (AP) – Billionaire Warren Buffett is giving five charities more than $2.6 billion worth of Berkshire Hathaway Inc. stock as part of his overall plan to give away his fortune gradually.

Buffett announced the annual gifts Monday. The biggest block of Class B shares of Berkshire stock worth $2 billion is going to the Bill and Melinda Gates Foundation.

Buffett also gave 1.75 million shares to his own foundation and 1.2 million shares to each of his three children's foundations. The Class B shares were up 46 cents at $115.42 in midday trading Monday.

Last year, Buffett announced plans to double the amount of stock he gives to his children's foundations because he has been pleased with the work they've done.

The chairman and CEO of Berkshire outlined his charitable plans in 2006 and has been making annual gifts since then.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 30 106 2,644
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.