Buffett Billions Padding “Charitable” Abortion Advocacy

Thursday July 8, 2010
By Peter J. Smith
OMAHA, Nebraska

(LifeSiteNews.com) – For the last number of years American billionaire Warren Buffett, 79, has gradually been giving away his estimated $47 billion fortune – and much of it is going to support the work of abortion activists worldwide.

The Bloomberg news agency reports that Buffett’s annual gift this year to the Bill and Melinda Gates Foundation – which supports population control efforts around the globe – was figured at $1.6 billion in Class B stock of Berkshire Hathaway, Buffett’s Omaha-based company. The amount is a 28% increase from last year, due to the fact that the value of Buffett’s Berkshire holdings have improved overall while the rest of the economy has tanked. Berkshire’s stock value rose 35% on the New York Stock Exchange over the past 12 months, and Berkshire profits rose 61% in 2009.

In 2006, Buffett endowed the Gates Foundation with 10 million Berkshire Class B shares, valued at approximately $37 billion dollars. Buffett’s 2010 donation constitutes part of the annual installment plan of 5% of pledged stocks to the foundation’s trust fund. The stock gives the Gates Foundation a steady source of income (the pay-out target over the coming decade is $3 billion a year) from which it can fund various other charities – which have included population control groups such as Planned Parenthood and others. the rest