Buffett Gives $2 Billion to Gates Foundation

NY Times | July 8, 2013

By William Alden

Warren E. Buffett has strengthened his bond with his friend and fellow billionaire Bill Gates, with a $2 billion charitable donation.

Mr. Buffett on Monday distributed 17.5 million Class B shares of Berkshire Hathaway to the Bill and Melinda Gates Foundation, a gift valued at about $2 billion based on Friday’s closing price.

The donation was part of Mr. Buffett’s annual charitable contributions, which also included gifts to the Susan Thompson Buffett Foundation, the charity named for Mr. Buffett’s late wife, and the Howard G. Buffett Foundation, which is named for Mr. Buffett’s son. In total, Mr. Buffett donated 22.9 million Class B shares of Berkshire Hathaway on Monday.

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