Warren Buffett announces $6 billion in donations to five foundations

Warren Buffett will donate $6 billion in Berkshire Hathaway stock to five foundations, bringing his total donations since 2006 to roughly $60 billion. The Bill & Melinda Gates Foundation Trust will receive the largest share. Buffett plans to let his children decide on the distribution of his wealth after his death, with 99.5% of his estate destined for philanthropic use.