Warren Buffett has left the Gates Foundation out of his annual Berkshire Hathaway stock donations for the first time in nearly two decades. The 95-year-old investor directed this year’s gifts to four family-linked foundations instead. The move comes amid an unresolved review into the foundation’s ties with Jeffrey Epstein and reduced contact with Bill Gates.
Warren Buffett has left the Gates Foundation out of his annual charitable stock gifts for the first time in two decades, directing this year's donations entirely to four family linked foundations instead. The 95-year-old Berkshire Hathaway chairman's decision comes as a foundation review into ties with the late sex offender Jeffrey Epstein remains unresolved, and follows months of near silence between Buffett and Bill Gates.
"I've read a great deal since January 1 in terms of what happened with Bill [Gates] and Epstein ... while it's distasteful and while he made mistakes, I've made mistakes in hiring all kinds of people or choosing friends then finding out later that one way or another they weren't what I thought they were," Buffet said during an interview with CNBC.
Four family foundations receive shares
Berkshire Hathaway said Buffett will donate 9 million Class B shares of Berkshire to the Susan Thompson Buffett Foundation, along with 1 million shares each to the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.
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