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Allison Tait

Coverage of Allison Tait in the Nexus archive.

Earliest in view: Jul 30 · 07:00 UTCMost recent: Jul 30 · 07:00 UTC

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BUSINESSJul 30 · 07:00 UTCFORTUNE
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.