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Warren Buffett has donated more than half his fortune to the Gates Foundation and 4 family foundations. Take a closer look.

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3 months ago

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Warren Buffett has donated more than half his fortune to the Gates Foundation and 4 family foundations. Take a closer look.

  • Warren Buffett has donated more than half his wealth to five foundations since 2006.
  • He’s gifted Berkshire Hathaway stock to the Gates Foundation and four of his family’s foundations.
  • Here’s a closer look at the five recipients, four of which are closely linked to his children.

Warren Buffett has given more than half his vast fortune to five foundations since 2006.

The 94-year-old investor is worth $145 billion thanks to a 15% stake in his Berkshire Hathaway conglomerate. That’s despite donating 56% of his Berkshire shares so far — worth $55 billion based on when they were received.

In honor of his late wife Susan, Buffett pledged to give more than 99% of his fortune to philanthropy, and has been making large annual donations for nearly two decades now.

Those yearly gifts have gone to the Bill & Melinda Gates Foundation and four of his family’s foundations: the Susan Thompson Buffett Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation, and NoVo Foundation.

Buffett has celebrated the past two Thanksgivings by gifting additional shares to his three children’s foundations. He’s also revealed that upon his death, his remaining riches will be placed in a charitable trust controlled by them, while the Gates Foundation won’t receive anything.

Here’s a closer look at the five foundations that Buffett’s been supporting for close to two decades:

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