Warren Buffett Cut Off Donations to the Gates Foundation, but His Influence Is Evident in the Nonprofit's Top Holdings
These stocks are worth buying and holding for decades.
Overview
Warren Buffett has donated over $47 billion worth of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) stock to the Gates Foundation since 2006, but he's decided to cut ties with the foundation this year. The decision came following Buffett's review of the Epstein files, which revealed Bill Gates had associated with the sex offender. That said, Buffett says he remains in contact with Gates, with whom he's been friends for 35 years.
Despite Buffett's decision to suspend his annual donation to the Gates Foundation, his influence is extremely evident in the nonprofit's trust portfolio. Its top four holdings, which account for approximately 79% of the trust's $34 billion stock portfolio based on its most recent disclosures, are exactly the kinds of stocks Buffett would buy and hold for decades.
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Originally published at www.fool.com.