Buffett Makes $750-M Donation On Thanksgiving Eve

Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary investor said the timing was no coincidence as this is his way of giving thanks to his children for their charitable work, Yun Li reported for CNBC.

Photo Insert: The recipients this time didn’t include the Bill & Melinda Gates Foundation.

"I’ve got a personal pride in how my kids turned out,” Buffett told CNBC’s Becky Quick.

“I feel good about the fact that they know I feel good about them. This is the ultimate endorsement in my kids, and it’s the ultimate statement that my kids don’t want to be dynastically wealthy.”

The 92-year-old investor donated 1.5 million Class B shares of his conglomerate to the Susan Thompson Buffett Foundation, named for his first wife.

He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation, and the NoVo Foundation.

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