In a significant move marking his transition towards retirement, legendary investor Warren Buffett has announced a monumental philanthropic gesture. The 'Oracle of Omaha' revealed in his recent letter to shareholders that he is gifting over $1.3 billion worth of Berkshire Hathaway shares to four family foundations, signalling a new chapter for the billionaire and his legacy.
The Details of the Billion-Dollar Donation
The announcement came via a letter dated 10 November 2025. In it, Buffett disclosed that he converted 1,800 of his coveted Berkshire Hathaway Class A shares into a staggering 2.7 million Class B shares. This conversion was specifically executed to facilitate the distribution of shares to the foundations. On the same day, these shares, valued at more than $1.3 billion based on the closing price, were officially credited to the designated charitable entities.
Where is the Money Going? A Look at the Four Foundations
The massive donation was strategically allocated to four distinct family foundations, each championing a unique and impactful cause.
Susan Thompson Buffett Foundation: This foundation received the lion's share of 1.5 million Class B shares. For over five decades, it has been dedicated to providing competitive scholarships to college students in Nebraska. To be eligible, students must be Nebraska residents with a demonstrated financial need, graduating from a state high school and planning to attend a public college within Nebraska.
Sherwood Foundation: Awarded 400,000 shares, The Sherwood Foundation focuses its efforts on improving the infrastructure and overall quality of life within the state of Nebraska, working to make it a better place for its residents.
Howard G. Buffett Foundation: Also receiving 400,000 shares, this foundation, established in 1999, has a global mission. It aims to uplift the world's most impoverished and marginalised communities by investing in three critical areas: food security, conflict mitigation, and combating human trafficking. It also supports wildlife conservation efforts.
NoVo Foundation: The final allocation of 400,000 shares went to the NoVo Foundation, which directs its resources towards the empowerment of women and girls. Its strategies include promoting education, fostering economic empowerment, and working to end violence against women and girls, while also supporting men and boys in their evolving societal roles.
A Farewell and a Lasting Legacy
This generous act is part of Buffett's planned retirement, which he indicated would be complete by the end of 2025. In his letter, he also announced that he would stop writing the iconic annual reports and speaking at company meetings. This $1.3 billion gift underscores his long-standing commitment to strategic philanthropy, ensuring that his wealth continues to create a positive, long-term impact on critical social issues like education, poverty alleviation, and gender equality long after he steps back from his official duties.
