Warren Buffett celebrated his 82nd birthday
Thursday by announcing an additional $3.1 billion in donations to the charities
run by his three children.
Most of us spend our birthdays
receiving gifts. In fact, that’s been the standard operating procedure since
our first birthday.
We all can learn from Warren
Buffet’s example, however, and the so-called “reverse birthday.”
In an article titled “Buffett gives $3 billion to his kids'
foundations,” CNN Money
reports how the Oracle of Omaha celebrated his most recent birthday “in
reverse.” While Mr. Buffett already pledged some 17.5 million Class B shares of
his firm, Berkshire Hathaway, to each of his three children and their
respective charitable organizations back in 2006, now, in an open letter to his
children, he has doubled down to about 29.7 million Class B shares. Mr. Buffett
himself even estimates that the annual distribution will average more than $100
Whether there’s an approaching
birthday or other occasion to celebrate, there may be something to take away
from the Oracle’s example. Mr. Buffett is giving to his children and working to
charitable ends in the same moment.
So who do you love, what do you
care about, and what are your loved ones passionate about?
Contact Meier Law Firm to discuss your gifting options.
Reference: CNN Money
(August 30, 2012) “Buffett gives $3 billion to his kids'