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Buffett gave $42M in stock to 8 unnamed charities | Hot finance topics
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Buffett gave $42M in stock to 8 unnamed charities

Written on January 27, 2012

Billionaire Warren Buffett donated stock in his company worth $41.6 million to eight unnamed charities during the second half of 2011.

Buffett revealed the donations Wednesday in a year-end update on his Berkshire Hathaway Inc. stock holdings.

Buffett gave away 521,292 Class B shares of Berkshire stock between July and the end of December. These gifts are in addition to Buffett’s annual gifts to the Bill & Melinda Gates Foundation and the four Buffett family foundations that are slated to eventually receive most of Buffett’s fortune need a personal loan with bad credit.

The new stock donations included one sizeable gift of 394,737 shares worth roughly $31.5 million.

Buffett has said he plans to eventually donate all of his 350,000 Class A and 26.2 million Class B shares of Berkshire stock worth about $44 billion to charities.

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Filed in: economics, management.

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