Buffett Plans a 2034 Berkshire Stock Gift to Charitable Foundations
Warren Buffett says he intends to distribute all of his Berkshire Hathaway holdings by the end of 2034, converting about 8,000 Class A shares into roughly 12 million Class B shares and donating the stock to four foundations (Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, Novo Foundation). After the transfers, he would retain about 188,290 Class A shares and 1,162 Class B shares, with his three children overseeing the remaining disposals; the plan is to be completed by 12/31/2034, with growth in annual grants expected for the foundations.