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Interesting Stories

Gates Charity Races to Spend Billions ($3 Billion Per Year)

Sunday, August 13, 2006

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Largely lost in the June announcement of Buffett
รข??s gift of $31 billion to the foundation was its terms. For tax reasons, starting in 2009, the foundation must give away every nickel that Buffett contributed in the previous year. At the current price of the stock Buffett will be donating, the foundation will have to distribute $3 billion annually.

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posted by Anand, 10:53 AM

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