On July 8, Warren Buffett announced his annual charity gifts. He awarded the Bill and Melinda Gates Foundation with $2 billion in Berkshire Hathaway, Inc. class B stocks. It is the biggest amount of stock he has awarded a charity since he began gradually giving away his fortune.
He gave his own foundation, the Buffett Foundation, 1.75 million in shares. His children's foundations were each given 1.2 million in shares.
Buffett's three children run various charitable endeavors. Susan Buffett runs the Susan Thompson Buffett Foundation which focuses on education. Peter Buffett runs the NoVo Foundation which focuses on empowering adolescent girls, ending violence against women and girls and supporting local economies. Howard Buffett is in charge of the Howard G. Buffett Foundation which focuses on "working to improve the standard of living and quality of life for the world’s most impoverished and marginalized populations."
Warren Buffett made his charitable plans in 2006 and has annually awarded a large sum of stock to charity. He doubled the gift he gave his children's charities from last year because he was pleased with the progress and work that they were doing.