By Tim Saunders on
Billionaire Warren Buffett has given away $1.93 billion in company shares to charity this year, after pledging to give away 99% of his wealth to good causes in 2006.
The money is split between five charities – the Bill and Melinda Gates Foundation, the Sherwood Foundation, the Howard G. Buffett Foundation, the NoVo Foundation, and the Susan Thompson Buffett Foundation.
The donation follows last month’s online auction to have lunch with the business legend, which raised $2.63 million for the Glide Foundation, a diverse, cutting-edge church and nonprofit offering innovative programs to poor and marginalized people. The foundation serves 700,000 free meals a year and provides dozens of other social services on a $12 million budget, according to Cecil Williams, the foundation’s chief executive officer and minister of the associated church.
The auction is held annually.
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