Did Warren Buffett say that he will give his Berkshire shares to the Bill & Melinda Gates Foundation?
Warren Buffett has pledged to gradually give 85% of his Berkshire stock to five foundations. Here is a link to his letters to these foundations. http://www.berkshirehathaway.com/donate/webdonat.html (From the 2006 Annual Report) In my will I’ve stipulated that the proceeds from all Berkshire shares I still own at death are to be used for philanthropic purposes within ten years after my estate is closed. Because my affairs are not complicated, it should take three years at most for this closing to occur. Adding this 13-year period to my expected lifespan of about 12 years (though, naturally, I’m aiming for more) means that proceeds from all of my Berkshire shares will likely be distributed for societal purposes over the next 25 years or so. I’ve set this schedule because I want the money to be spent relatively promptly by people I know to be capable, vigorous and motivated. These managerial attributes sometimes wane as institutions particularly those that are exempt from market forces a
