Warren Buffett Redirects Berkshire Hathaway Stock Donations from Gates Foundation to Family Foundations

Warren Buffett has stopped directing annual Berkshire Hathaway stock donations to the Bill and Melinda Gates Foundation. On Tuesday the foundation was omitted from the list of organizations that will receive billions of dollars in shares. The stock will instead be divided among four foundations involving members of the Buffett family.

Buffett, who is 95, said he will dispose of his remaining Berkshire Hathaway stock over the next eight years. He stated that his remaining shares will be donated to the four foundations by 31 December 2034. Buffett had committed in 2006 to donate shares each year throughout his lifetime.

He has given the foundation $47 billion over 20 years. In March Buffett told CNBC that he had not spoken to Gates since the Epstein matter was unveiled. He added that he did not want to be in a position where he could be called as a witness.

The Gates Foundation said it is grateful for Buffett's decades of support. It stated that it continues its work through 2045 from a position of financial strength supported by Bill Gates' $200 billion commitment. Gates appeared before the U.S.

House Oversight Committee in June to answer questions about his relationship with Epstein. Epstein died in a New York prison in 2019 while awaiting trial on sex trafficking charges. Gates testified that he was introduced to Epstein in 2011 on the premise that Epstein could raise billions for global health and that he should never have met with him.