Warren Buffett has boosted his total charitable giving to more than $50 billion — greater than his entire net worth in 2006 when he first scheduled the grants.
in order to donate 13.7 million B shares to five foundations. A total of 10.5 million shares were delivered to the Bill & Melinda Gates Foundation Trust, and 1.05 million shares were donated to the Susan Thompson Buffett Foundation, named for his first wife, who died in 2004.
The "Oracle of Omaha" said the schedule for annual grants was made on June 26, 2006, when he owned $43 billion of Berkshire A shares, which represented more than 98% of his net worth. Buffett pledged in a 2006 letter to make annual gifts of Berkshire B shares throughout his lifetime for the benefit of the Bill & Melinda Gates Foundation.
Last year, Buffett donated more than $750 million to the four foundations associated with his family on Thanksgiving eve as the "ultimate endorsement" in his children.
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