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Kindness: Warren Buffett Gives Out $3.17 Billion To Charity - Business - Nairaland

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Kindness: Warren Buffett Gives Out $3.17 Billion To Charity by Debolala(f): 12:28pm On Jul 11, 2017
According to Warren Buffett's company statement, he gave away $3.17 billion in shares of his holding company, Berkshire Hathaway, to charity on Monday.

The stock went to the Bill & Melinda Gates Foundation, as well as four foundations with ties to the Buffett family: Buffett's education-focused charity, which is named after his late wife Susan; the Sherwood Foundation, which is chaired by their daughter; the Howard G. Buffett Foundation, which is led by his son; and the NoVo Foundation, which has Buffett's youngest son Peter at the helm of affairs.

In 2006, Buffett announced plans to gradually donate all his Berkshire Hathaway shares to charity, and in 2010, Buffett launched The Giving Pledge with Bill Gates.

The initiative encourages the world's billionaires to dedicate the majority of their wealth to philanthropic causes. As of May, 170 people had signed the pledge across 21 countries.

Source: http://www.rapportnaija.com/2017/07/kindness-warren-buffett-gives-out-317.html

Cc Lalasticlala Mynd44

Re: Kindness: Warren Buffett Gives Out $3.17 Billion To Charity by Nobody: 12:42pm On Jul 11, 2017
if you read that sorry, you will see that the charity foundations are headed my his family members and is tied to his company,

more of circulating the money within buffets family pocket.

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