Business US & Canada

Buffett Halts Gates Foundation Donations

Buffett Halts Gates Foundation Donations

Warren Buffett has halted his annual donations to the Bill & Melinda Gates Foundation, instead directing nearly $6 billion to family-linked charities, following revelations of the foundation's ties to convicted sex offender Jeffrey Epstein.

The move ends a two-decade tradition of giving that had made Buffett one of the foundation's most significant benefactors.

The decision follows an outside legal review of the charity's connections to Epstein, whose reputation has been further tarnished since the U.S. Department of Justice released files about him in February.

Bill Gates has seen his reputation damaged by the revelations, with the scandal continuing to reverberate through the philanthropic world.

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Warren Buffett
American investor, entrepreneur and businessman
Gates Foundation
Private foundation founded by Bill and Melinda Gates
Jeffrey Epstein
American financier and sex offender (1953–2019)
Bill Gates
American businessman, investor, and philanthropist (born 1955)