* Annual donations to Gates, family foundations
* Buffett donating 99 percent of wealth
(Adds additional donations)
NEW YORK, July 7 Investor Warren Buffett has
donated another $1.78 billion to several charities, with the
bulk going to the Bill & Melinda Gates Foundation, as part of
his plan begun in 2006 to donate 99 percent of his wealth.
According to a filing with the U.S. Securities and Exchange
Commission, Buffett donated about 23.31 million Class B shares
of his insurance and investment company Berkshire Hathaway Inc
(BRKa.N) (BRKb.N), with 19.34 million going to the Gates
Buffett, 80, also donated smaller sums to four family
charities. These include the Susan Thompson Buffett Foundation,
named for Buffett's late first wife, and foundations for their
children Howard, Peter and Susan. Buffett remarried in 2006.
The shares were donated on Wednesday, the filing shows,
when the B shares closed at $76.52. On Thursday, those shares
closed up $1.25 at $77.77, while Berkshire Class A shares rose
$1,840 to $116,640.
Buffett has to date donated more than $11 billion of
Bill Gates, the co-founder of Microsoft Corp (MSFT.O) and a
Berkshire director, and his wife, Melinda, created the Gates
Foundation to address education, health and poverty problems.
The foundation said it employs 927 people, spent $2.6
billion last year, and has a $37.1 billion endowment. Buffett
expects the foundation to spend his gifts, which have totaled
roughly $9.5 billion.
In March, Forbes magazine said Buffett is the world's
third-richest person, with a $50 billion net worth.
The number of shares that Buffett donates declines by 5
percent each year.
His donations totaled $1.93 billion in 2006, $2.13 billion
in 2007, $2.17 billion in 2008, $1.51 billion in 2009 and $1.93
billion in 2010, according to other SEC filings and Berkshire's
closing stock prices on the dates the donations were made.
(Reporting by Jonathan Stempel; editing by Andre Grenon, Gary