Munger donates Berkshire Hathaway stock worth $5 2 million
OMAHA, Neb. (AP) -- Berkshire Hathaway's Vice Chairman Charlie Munger has donated company stock worth $5.2 million to a private school in southern California he has long supported.
Munger disclosed the Dec. 23 donation to Harvard-Westlake School in a filing with the Securities and Exchange Commission this week.
The college prep school received 21 Class A shares of Berkshire stock that were selling for $248,000 apiece when they were donated.
After the donations, Munger owned 4,883 Class A shares of the Omaha-based company, worth nearly $1.2 billion.
At Berkshire, the 93-year-old Munger helps Chairman and CEO Warren Buffett decide where to invest the company's cash and what acquisitions to pursue.
The two investors have worked together for decades with Munger based in Los Angeles and Buffett in their hometown of Omaha, Nebraska.