Berkshire’s Munger Donates $60 Million in Shares to University

Charles Munger, vice chairman at Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), donated shares worth more than $60 million to the University of Michigan, fulfilling a previously announced pledge.

Munger, 89, gave 350 Berkshire Class A shares to the school, according to a filing issued today. He announced in April that he’d donate $110 million to the university to fund fellowships and a graduate-student residence.

“These gifts were made pursuant to a previously announced pledge, which has now been fully satisfied,” according to the filing.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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