The Billionaire's Philanthropic Loophole Warren Buffett's decision to redirect $140 billion to his family's foundations has sparked a debate about his motivations and the implications of this move on billionaire philanthropy.
While some speculate he is trying to avoid taxes, experts argue that this is only part of the story.
Appreciated stock given to a foundation instead of sold triggers several tax consequences, effectively lowering any estate tax bill at death and eliminating capital gains tax.