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Warren Buffet's investing partner and Berkshire Hathaway Vice-Chairman Charles Munger has made a couple of very big donations to a pair of schools in the Los Angeles area, where he resides.
In a filing with the SEC, Munger says he donated 90 shares of Berkshire Class-A stock to the all-girls Marlborough School in Los Angeles. The school's website says its teachers "expect girls to succeed" and use "teaching styles and strategies that work best for girls, encourage risk-taking, and incorporate female role models into the curriculum and extracurricular program."
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University of Michigan Charles Munger |
At the current market price, each donation of 90 shares is worth close to $11 million. The filings says the donations were made yesterday (September 13, 2007).
In June, Munger donated $3 million to the University of Michigan Law School for lighting improvements in the school's Law Quadrangle. Munger attended the University of Michigan as an undergraduate in the 1940s..
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