Warren Buffett cautioned that his support for the Bill & Melinda Gates Foundation may come to an end

Warren Buffett, the renowned philanthropist, has donated over $39 billion to the Bill & Melinda Gates Foundation over the past 15 years. However, in a recent interview with the Wall Street Journal, the 93-year-old hinted that his support for the foundation may cease with his passing. Buffett disclosed that his will does not include any specific provisions for continued donations to the Foundation after his death. Instead, he plans to leave his remaining $127 billion fortune to a charitable trust managed by his three children: Howard, Susie, and Peter. While this decision does not rule out potential future contributions to the Gates Foundation, Buffett emphasized that his children will have to unanimously decide how his wealth will be allocated.

Buffett’s children, who were named as executors and trustees in his will, have not yet outlined definitive plans for the money, citing factors such as tax laws and societal developments. Despite this uncertainty, Susie Buffett mentioned that the allocation of funds would likely continue along current charitable lines. The Gates Foundation, which has received significant support from Buffett since 2006, faces this potential setback following Melinda French Gates’ recent resignation to focus on advocating for women’s rights worldwide. CEO Mark Suzman expressed gratitude for Buffett’s contributions and highlighted his instrumental role in shaping the foundation’s mission to improve global health and combat poverty.