Buffett gives away $2.8B to 5 charities

Warren Buffett
In this photo from May 4, 2015, Berkshire Hathaway Chairman and CEO Warren Buffett smiles in Omaha, Neb., during an interview with Liz Claman on the Fox Business Network. Warren Buffett will again try to auction on Ebay the world’s most expensive lunch this week to raise money for the Glide Foundation- a San Francisco charity that helps the poor and homeless. (AP Photo/Nati Harnik)

OMAHA, Neb. (AP) — Investor Warren Buffett has given more than $2.8 billion worth of Berkshire Hathaway stock to five charities as part of his plan to gradually give away his fortune.

Buffett, who is Berkshire’s chairman and CEO, said in a news release Monday that he made his annual gifts last week.

Buffett has been giving away blocks of Berkshire stock since 2006 with the biggest share going to the Bill and Melinda Gates Foundation.

He also gave Class B Berkshire shares to his own foundation and to the foundations run by each of his three children.

In addition to these major gifts that Buffett makes each summer, he also gives smaller blocks of stock to several unnamed charities each year.

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