Buffett Drops Gates Foundation From Annual Berkshire Stock Gifts

Warren Buffett has cut the Bill & Melinda Gates Foundation from his annual charitable giving, omitting the prominent philanthropy from his latest round of Berkshire Hathaway stock donations — a striking departure from a longtime partnership between two of the world's most celebrated philanthropists.

Buffett, the 94-year-old chairman and CEO of Berkshire Hathaway, has for years distributed billions of dollars worth of Berkshire shares to a select group of foundations as part of a pledge he made in 2006 to give away the vast majority of his fortune. The Gates Foundation had long been the largest single recipient of those annual gifts, receiving tens of billions of dollars in Berkshire stock over nearly two decades.

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The exclusion signals a meaningful change in one of philanthropy's most consequential financial relationships. Buffett had previously announced his resignation from the Gates Foundation board in 2021, stating at the time that he had completed his obligations as a trustee. The latest move to remove the foundation from his annual stock donations suggests the financial ties between Buffett and the Gates philanthropy are now fully severed.

The decision raises broader questions about the future direction of Buffett's giving and which organizations stand to benefit from the reallocation of what are among the largest annual charitable contributions made by any individual in the United States. Buffett's remaining designated charities — largely foundations connected to his own family — are expected to absorb the distributions previously directed toward the Gates organization.

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