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Warren Buffett omits Gates Foundation from annual Berkshire gift

financeJul 14, 2026341,546

Warren Buffett omitted the Bill and Melinda Gates Foundation from his annual Berkshire Hathaway stock donation after disclosures about Bill Gates’s ties to convicted sex offender Jeffrey Epstein. Buffett announced he will instead donate about $6 billion in stock this year to four family foundations: roughly $4.5 billion to the Susan Thompson Buffett Foundation and about $500 million each to the Sherwood Foundation, the Howard G. Buffett Foundation and the Novo Foundation. Buffett said he wants all of his remaining Berkshire Hathaway shares, worth more than $140 billion, donated to charity by December 31, 2034, accelerating a prior plan that would have let his three children distribute the remainder within 10 years of his death. The majority of Buffett’s past charitable gifts, more than $61 billion, went to the Gates Foundation after his 2006 pledge; this year’s shift gives his family foundations a larger share. Bill Gates has denied knowledge of Epstein’s crimes and said he met Epstein only to try to raise money for charitable causes. Buffett and the Gates Foundation did not immediately respond to requests for comment; CNBC was scheduled to air an exclusive interview with Buffett about the decision Wednesday morning. Buffett previously said in 2024 he planned to cut off posthumous donations to the Gates Foundation, and his announcement formalizes and accelerates that change in practice.

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