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Business Writer at The Associated Press

When Warren Buffett announced his plan to give away his fortune gradually over time in 2006 he picked the Gates Foundation to receive the bulk of his wealth. He said that he didn’t see any reason to build up his own huge foundation because his friend Bill Gates had already done that and was good at philanthropy. But he has now changed his will. On the same day he announced this year’s donation of $5.3 billion of Berkshire Hathaway stock, Buffett said that the Gates Foundation will not receive any more donations after his death. Instead, Buffett says that he will set up a new charitable trust that his three kids will oversee and they will decide how to give away the rest of his $128 billion fortune. https://lnkd.in/gBYGqbzP

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

apnews.com

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