Munger Donates $1.2M

[Parsad]

Charlie donated 10 shares of Berkshire to the University of Michigan.  Cheers!

 

http://dealbook.nytimes.com/2012/01/10/mungers-gifts-1-2-million-to-university-of-michigan/?partner=yahoofinance

[original mungerville]

This is a distant memory but doesn't he tend to donate the shares when they are well below FV to reduce taxes paid by him?

[T-bone1]

mungerville, I think you are referring to when he gave a large amount of shares to his children.  He did this when the price was low (in late 2008 I believe) to reduce taxes.

 

Giving away shares is not a taxable event (for long term capital gains) and is a tax efficient way of giving to charity in the US.

[Packer16]

From a tax perspective you want to donate high priced shares because you get a bigger deduction.

 

Packer