Political | Process

JUST IN | Warren Buffett resigns from Bill and Melinda Gates Foundation board – Mr. Buffett’s move off the Gates Foundation board comes at an uncertain time for the organization;

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The billionaire said he has been an “inactive trustee” for years at the foundation, to which he contributes funds.

  • The Berkshire chairman and chief executive made the disclosure in a statement Wednesday detailing his thoughts on philanthropy, the government and the public. He also said he is giving away $4.1 billion of Berkshire Hathaway Inc. shares to the five foundations.
  • Mr. Buffett had served as a trustee of the foundation since 2006. The Gates Foundation was one of five beneficiaries of Mr. Buffett’s largesse.

SOURCE: WSJ

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