Editing Gates Foundation (section)

===Warren Buffett donations===
In June 2006, [[Warren Buffett]] pledged to give the foundation approximately 10 million [[Berkshire Hathaway]] Class B [[share (finance)|shares]] (then valued at $3,071 each, before a 50–1 [[stock split]] in 2010) spread over multiple years through annual contributions, with the first year's donation of 500,000 shares being worth approximately $1.5 billion.<ref>{{cite news |title=Warren Buffett gives away his fortune |url=https://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/index.htm |date=March 5, 2008 |work=Fortune |publisher=Time Warner via CNNMoney.com |access-date=December 10, 2007 |first=Carol J. |last=Loomis |archive-url=https://web.archive.org/web/20071128090517/https://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/index.htm |archive-date=November 28, 2007| url-status=live }}</ref><ref>{{cite web |url=https://www.cnbc.com/2010/01/21/berkshire-hathaway-b-shares-soar-after-split.html |title=Berkshire Hathaway 'B' Shares Soar After Split |website=[[CNBC]] |date=January 21, 2010 |access-date=March 15, 2020 |archive-date=July 19, 2020 |archive-url=https://web.archive.org/web/20200719082311/https://www.cnbc.com/id/34973846 |url-status=live }}</ref> Buffett set conditions so that these contributions do not simply increase the foundation's endowment, but effectively work as a matching contribution, doubling the foundation's annual giving. [[Bloomberg News]] noted, "Buffett's gift came with three conditions for the Bill & Melinda Gates Foundation: Bill or Melinda Gates must be alive and active in its administration; it must continue to qualify as a charity; and each year it must give away an amount equal to the previous year's Berkshire gift, plus an additional amount equal to 5 percent of net [[asset]]s. Buffett gave the foundation two years to abide by the third requirement."<ref>{{cite web|url=https://www.bloomberg.com/apps/news?pid=10000087&sid=axbiyJ8O.yKk&refer=top_world_news|title=Buffett Makes $30.7 Bln Donation to Gates Foundation (Update8)|publisher=[[Bloomberg L.P.|Bloomberg]]|last=Stein|first=George|date=June 26, 2006|archive-url=https://archive.today/20120905000532/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=axbiyJ8O.yKk&refer=top_world_news|archive-date=September 5, 2012|access-date=March 5, 2017|url-status=live}}</ref><ref>{{cite web |url=https://www.forbes.com/home/facesinthenews/2006/06/26/buffett-gates-philanthropy-cx_cn_0626autofacescan03.html |archive-url=https://web.archive.org/web/20060825202146/http://www.forbes.com/home/facesinthenews/2006/06/26/buffett-gates-philanthropy-cx_cn_0626autofacescan03.html |url-status=dead |archive-date=August 25, 2006 |title=Buffett Will Double Gates Foundation's Spending |first=Chris |last=Noon |date=June 26, 2006 |work=Forbes}}</ref> The Gates Foundation received 5% (500,000) of the shares in July 2006 and was to receive 5% of the ''remaining'' earmarked shares in July of each following year (475,000 in 2007, 451,250 in 2008).<ref>{{cite news |url=https://money.cnn.com/2006/06/25/magazines/fortune/charity3.fortune/index.htm |work=CNN |title=How Buffett's giveaway will work |date=June 25, 2006 |access-date=April 26, 2010 |first=Carol J. |last=Loomis |archive-date=March 16, 2010 |archive-url=https://web.archive.org/web/20100316130540/http://money.cnn.com/2006/06/25/magazines/fortune/charity3.fortune/index.htm |url-status=live }}</ref><ref>{{Cite web |url=http://berkshirehathaway.com/donate/bmgfltr.pdf |title=Letter from Warren E. Buffett |last=Buffett |first=Warren E. |date=June 26, 2006 |website=Berkshirehathaway |access-date=January 22, 2019 |archive-date=June 27, 2006 |archive-url=https://web.archive.org/web/20060627234351/http://berkshirehathaway.com/donate/bmgfltr.pdf |url-status=live }}</ref>

In July 2018, Buffett announced another donation of his company's Class B stock, this time worth $2 billion, to the Gates Foundation.<ref>[https://www.huffingtonpost.com/2013/07/08/warren-buffett-stock-donations_n_3561866.html Warren Buffett Makes Huge Charity Stock Donation To Gates Foundation, Other Charities] {{Webarchive|url=https://web.archive.org/web/20160305015347/http://www.huffingtonpost.com/2013/07/08/warren-buffett-stock-donations_n_3561866.html |date=March 5, 2016 }}. Huffingtonpost.com. Retrieved on July 18, 2013.</ref>

In June 2024, Buffett clarified the Bill & Melinda Gates Foundation would not receive any more money after he died. While this does not prevent him from making any further donations while he is still alive, the recipients of his fortune upon his death will be decided unanimously by his three children.<ref>{{cite web |last1=Hetzner |first1=Christiaan |title=Warren Buffett warns Gates Foundation there is no guarantee his support of the charity will continue once he's gone: 'No money coming after my death' |url=https://fortune.com/2024/06/28/warren-buffett-berkshire-hathaway-charity-foundation-bill-melinda-gates/ |publisher=Fortune |access-date=4 October 2024}}</ref>