Warren Buffett’s summer tradition of giving continued with a gift of $2.8 billion to foundations that work on global health, college scholarships, poverty and opportunities for children, especially girls, around the world.
The billionaire’s latest donation was given in the form of 20.6 million shares of Berkshire Hathaway stock divided among five foundations.
As it has been for ten years, the Bill and Melinda Gates Foundation was among the recipients, along with foundations set up by Buffett’s family that tackle the issues of education, development and poverty.
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Buffett has promised to give away 99 percent of his fortune and so far has donated $25.5 billion to nonprofit charities.
Buffett and the Gates’ created the “Giving Pledge” to encourage other wealthy families to give their fortunes away before they die. As of today, 132 millionaires and billionaires have joined the pledge.
(READ more at Forbes) — Photo: Mark Hirschey, CC
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