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.