Warren Buffett resigns as Gates Foundation trustee

Warren Buffett resigned from his role as trustee for the Bill and Melinda Gates Foundation June 23.

Mr. Buffett made the announcement in a news release outlining his annual donation of Berkshire Hathaway shares. 

"For years I have been a trustee — an inactive trustee at that — of only one recipient of my funds, the Bill and Melinda Gates Foundation," Mr. Buffett said. "I am now resigning from that post, just as I have done at all corporate boards other than Berkshire's. The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100 percent in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals." 

This year, Mr. Buffett is donating $4.1 billion to five foundations. He is halfway to his goal of donating nearly all of his net worth to philanthropy, a benchmark he set in 2006.

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