Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
mbozlinski@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Buffett makes annual stock donations to charities

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon
Associated Press
Published:
OMAHA, Neb. -- 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.
Story tags » Economy, Business & Finance

MORE HBJ HEADLINES

CALENDAR

Market roundup