[conradev]

He tasked that to his kids:

  He turned 95 years old on August 30. He was 75 when he began giving away his fortune, announcing plans in June 2006 to give away the bulk of his wealth to five foundations, primarily the Bill and Melinda Gates Foundation. He changed his will in 2024, designating 99.5% of his remaining fortune after his death to a charitable trust overseen by his three children and also announcing in June 2024 that donations to the Gates Foundation would cease upon his death.

https://www.omahamagazine.com/giving/buffetts-6b-gift-a-hist...

[mothballed]

Just think, if that charitable trust is structured correctly, it could be used to pay a modest believable "administration" salary to many many generations of offspring all while paying out some token pittances to make the whole thing seem genuine.

[PaulHoule]

See

https://www.tabletmag.com/sections/news/articles/buffett-kin...

if you want to know what his kids are up to.

[zozbot234]

That article seems to accurately describe the charitable activities of Peter Buffett and his NoVo Foundation, but it's worth pointing out that Howard G. and Susan Buffett have charitable foundations of their own that seem to have a more conventional philanthropic approach, one that may perhaps be more amenable to a clearer focus on getting the right outcomes. It seems unwarranted to assume that the description in the article applies to the Buffett children's activities as a whole.

[BrenBarn]

Is that charitable trust going to fight for wealth equality and a more progressive tax system?