Buffett hasn’t given a clear reason behind this move.
Warren Buffett announced on Wednesday that he has resigned as a trustee of the Bill and Melinda Gates Foundation, weeks after the couple announced their divorce. Buffett hasn’t given a clear reason behind this move.
JUST IN: Warren Buffett donates $4.1 billion to charity and resigns as a trustee of Bill and Melinda Gates Foundation
— The Spectator Index (@spectatorindex) June 23, 2021
“My goals are 100% in sync with those of the foundation,” Buffett, 90, said Wednesday in a statement that also announced he had reached the halfway mark in giving all of his Berkshire Hathaway Inc. shares to charity.
Warren Buffett, a long-time friend of Bill Gates had been a huge presence at the Gates Foundation. Bill Gates previously served on Berkshire’s board, Buffett’s conglomerate, and announced last year he would step down from that post. Berkshire’s CEO decided in 2006 to donate a bulk of his wealth to the Gates’s foundation in part because the pair does a “much better job” at running those charity operations than Buffett says he could.
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It is one of five nonprofit organizations to which he has pledged the majority of his fortune — estimated at $105.3 billion, according to Forbes — and the only one not run by a member of the Buffett family reported The New York Times
“For years I have been a trustee — an inactive trustee at that — of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG),” Mr. Buffett said in a statement.
“I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s,” he said.
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