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Current DateTime: 11:07:16 08 Nov 2009
LinksList Documentid: 30078629
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Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
Published: Thursday, 2 Jul 2009 | 3:44 PM ET
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By: Alex Crippen
Executive Producer

Bill Gates, Melinda Gates,Warren Buffett
Seth Wenig / AP
Bill and Melinda Gates pose for photographs with Warren Buffett at a 2006 news conference announcing his intention to give millions of shares to the Gates Foundation.

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 SharesShare Price At Time of GiftTotal ValuePct. Change
2006500,000$3043$1,521,500,000
2007475,000$3714$1,764,150,000+15.9%
2008451,250$3999$1,804,548,750+2.3%
2009428,688$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:
Berkshire Portfolio

Class A: [US;BRK.A  Loading...      ()   ]

Class B: [US;BRK.B  Loading...      ()   ]

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