Buffett Birthday Benefits His Children’s Charities

Most of us spend our birthdays receiving gifts. In fact, that’s been the standard operating procedure since our first birthday.

We all can learn from Warren Buffet’s example, however, and the so-called “reverse birthday.”

In an article titled “Buffett gives $3 billion to his kids' foundations,” CNN Money reports how the Oracle of Omaha celebrated his most recent birthday “in reverse.” While Mr. Buffett already pledged some 17.5 million Class B shares of his firm, Berkshire Hathaway, to each of his three children and their respective charitable organizations back in 2006, now, in an open letter to his children, he has doubled down to about 29.7 million Class B shares. Mr. Buffett himself even estimates that the annual distribution will average more than $100 million each.

Whether there’s an approaching birthday or other occasion to celebrate, there may be something to take away from the Oracle’s example. Mr. Buffett is giving to his children and working to charitable ends in the same moment.

So who do you love, what do you care about, and what are your loved ones passionate about?

Reference: CNN Money (August 30, 2012) “Buffett gives $3 billion to his kids' foundations”