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00:02Warren Buffett is accelerating donations of Berkshire Hathaway shares to foundations led
00:07by his children, while pausing gifts to the Gates Foundation, according to Bloomberg.
00:11Buffett plans to convert 8,000 Class A shares into 12 million Class B shares.
00:16He will give 1 million shares each to the Sherwood Foundation, Howard G. Buffett Foundation,
00:21and Novo Foundation, along with 9 million shares to the Susan Thompson Buffett Foundation.
00:26Each foundation is led by one of his children, according to a statement
00:29Tuesday.
00:30Buffett said his remaining shares will be donated to the four foundations by December 31,
00:362034, with annual grants increasing over time.
00:39He is awaiting the results of the Gates Foundation's review of its past interactions with Jeffrey
00:45Epstein before considering additional gifts.
00:47Berkshire shares have fallen 8% since their May 2025 high, while the S&P 500 gained 32%.
00:54For all things money, visit Benzinga.com.
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