Warren Buffett has announced that donations to the Bill and Melinda Gates Foundation will cease upon his death, diverging from his prior commitment. Buffett, who has already donated over $43 billion to the foundation, explained his decision to entrust his children with the distribution of his wealth instead. He expressed complete trust in their values and capabilities, highlighting their preparedness for this responsibility.
Buffett emphasized that future philanthropic decisions are best made by those living, who can adapt to changing circumstances and laws. This approach underscores the importance of empowering successors and allowing them flexibility in decision-making.
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