Buffett makes annual stock donations to charities

Posted online July 21, 2014 | 8:02 am

Warren Buffett's plan to give away his fortune is working.

The chairman and CEO of Berkshire Hathaway (NYSE: BRK-A) gave several charities stock worth more than $2.8 billion as part of his plan to give away his fortune gradually through annual gifts.

The Associated Press reports in accordance with Buffett's giving plan, the Bill and Melinda Gates Foundation received the biggest gift worth more than $2.1 billion. Buffett also gave nearly 1.7 million Class B Berkshire shares to his own foundation and 1.16 million shares to each of his three children's foundations.

Buffett also made smaller donations to other unnamed charities.

The CEO has given away his stock since 2006.

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