Warren Buffett, in a generous move, gifted $26.9M worth of Berkshire Hathaway Class A stock (NYSE:BRK.A) to an undisclosed charity, as revealed by a recent SEC filing. Following this donation, Buffett retained 218,237 of BRK.A shares.
This act of philanthropy is consistent with Buffett’s longstanding commitment to charitable causes. Nearly twenty years ago, he vowed to make annual donations to the Bill & Melinda Gates Foundation and four other foundations led by his family members. In his most recent significant contribution, he transferred around $4.64B of Berkshire Hathaway Class B (NYSE:BRK.B) shares to these five institutions, echoing his promise to dedicate over 99% of his wealth to philanthropy.
Taking a look at Warren Buffett’s performance since 2013, Berkshire Hathaway has returned roughly 112% during this timeframe.