The Buffett Way of Giving It Away
The Buffett Way of Giving It Away – What we can learn from his gift to the Gates Foundation. By Daniel Gross
The nation’s second-richest man, Warren Buffett, has decided to turn over most of his $44 billion fortune to the nation’s richest man, Bill Gates. Buffett is committing [pdf] to give about 10 million Class B shares in his holding company, Berkshire Hathaway, to the $30 billion Bill and Melinda Gates Foundation. (Here’s the Gateses’ gracious response.) He’ll start by handing over 500,000 shares this year (worth about $1.5 billion at today’s price), and will make annual donations of smaller numbers of shares. Buffett will also give billions to foundations run by his children, and to the foundation created by his late wife, Susan Thompson Buffett.
Now THIS is what one should do with riches!! I’ve always admired Mr. Buffett for his commitment to the basics. Sharing abundance should definitely be included in the basics. Go read the rest of the article.