GO
Loading...

Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock

Bill Gates, left, Melinda Gates and Warren Buffett pose for a picture after a press conference Monday, June 26, 2006 in New York.  Warren Buffett, the chairman of Berkshire Hathaway, recently announced his intention of giving 10 million shares of his company to charitable organizations, the majority going to the Bill and Melinda Gates Foundation.  (AP Photo/Seth Wenig)
Seth Wenig
Bill Gates, left, Melinda Gates and Warren Buffett pose for a picture after a press conference Monday, June 26, 2006 in New York. Warren Buffett, the chairman of Berkshire Hathaway, recently announced his intention of giving 10 million shares of his company to charitable organizations, the majority going to the Bill and Melinda Gates Foundation. (AP Photo/Seth Wenig)

Warren Buffett's annual gift of Berkshire Hathaway stock to the Bill and Melinda Gates Foundation is worth $1.25 billion this year, a drop of over 30 percent from last year's $1.8 billion.

Under the multi-year schedule set up in 2006 to donate a total of 10 million Class B shares, Buffett donates a slightly smaller number of shares each year. (Eventually he will have given away almost all of his vast personal fortune.)

But the big factor in the lower value of this year's gift is a 26.9 percent plunge for Berkshire's Class B stock price over the past twelve months.

Buffett's Annual Stock Gifts to Gates Foundation

Number of Shares
Share Price At Time of Gift
Total Value
Pct. Change
2006 500,000 $3043 $1,521,500,000
2007 475,000 $3714 $1,764,150,000 +15.9%
2008 451,250 $3999 $1,804,548,750 +2.3%
2009 428,688 $2924 $1,253,482,250 -30.5%

An SEC filing this afternoon (Thursday) details this year's donation on July 1 of 428,688 shares to the Gates Foundation, along with 42,869 shares to the Susan Thompson Buffett Foundation, and 15,000 shares to each of the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation.

Current Berkshire stock prices:

Class A:

Class B:

For more Buffett Watch updates follow alexcrippen on Twitter.

Email comments to buffettwatch@cnbc.com