Warren Buffett Is Donating $3.6B in Berkshire Shares to 5 Foundations
Warren Buffett said he will donate $3.6 billion worth of 
Berkshire Hathaway shares to five foundations, including the Bill & Melinda Gates Foundation.
The Oracle of Omaha will convert 11,250 of his Class A shares into 16.875 million Class B shares. About 16.8 million of these Class B shares will be donated to five foundations: Bill & Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation, the company said in a statement on Monday.
Buffett pledged in a 2006 letter to make annual gifts of Berkshire B shares throughout his lifetime for the benefit of the Bill & Melinda Gates Foundation. He donated $1.5 billion worth of shares that year.
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