Buffett gives more stock to charity
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By The Associated Press
OMAHA — Billionaire Warren Buffett has given away 512,169 Class B shares of Berkshire Hathaway Inc. stock to five charitable foundations in keeping with his plan to give away the bulk of his fortune.
The gifts were revealed in paperwork filed Monday with the Securities and Exchange Commission.
Those shares were worth $3,999 each, more than $2.05 billion total, at the close of trading July 1, the day Buffett transferred their ownership. Most of the shares — 451,250 — went to the Bill & Melinda Gates Foundation.
Buffett said in 2006 that he planned to give 10 million B shares to the Gates Foundation over time, 1 million B shares for the Susan Thompson Buffett Foundation named in honor of his first wife, and 350,000 shares for each of the three foundations run by his three children.
Omaha, Neb.-based Berkshire Hathaway owns a variety of companies, including insurance, clothing, furniture, jewelry and candy companies, restaurants, natural gas and corporate jet firms and has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co.
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On the Net:
Berkshire Hathaway Inc.: www.berkshirehathaway.com
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Question wrote on July 8, 2008 10:40 am:
Don't get me wrong I have great respect and admiration for Mr.Buffett so it's not a slam against him but if he is going decry the tax rates I believe he shopuld also give the amount and or precentage of "giving" by those he uses for examples. "
Nina wrote on July 8, 2008 12:42 pm: