Dossier
family foundations
Coverage of family foundations in the Nexus archive.
- Warren Buffett is handing $140 billion to his family’s foundations. The way he’s doing it reveals how billionaire philanthropy really works
Warren Buffett redirected $140 billion from the Gates Foundation to his children’s charities, sparking debate about tax avoidance and philanthropy efficiency. Experts note that giving appreciated stock to foundations avoids capital gains and estate taxes, with Buffett’s move potentially saving $33 billion to $56 billion in taxes.
- Buffett says not donating to Gates Foundation isn’t over Epstein ties
Buffett stated he is donating his remaining money through family foundations to allow his children to oversee spending. This decision is linked to not donating to the Gates Foundation due to ties to Epstein.