Parsad Posted January 10, 2012 Share Posted January 10, 2012 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 Link to comment Share on other sites More sharing options...
original mungerville Posted January 10, 2012 Share Posted January 10, 2012 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? Link to comment Share on other sites More sharing options...
T-bone1 Posted January 10, 2012 Share Posted January 10, 2012 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. Link to comment Share on other sites More sharing options...
Packer16 Posted January 11, 2012 Share Posted January 11, 2012 From a tax perspective you want to donate high priced shares because you get a bigger deduction. Packer Link to comment Share on other sites More sharing options...
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