It’s hard to imagine a time when Warren Buffett wasn’t widely known as the “Oracle of Omaha,” a wise yet frugal investor with a penchant for charitable donations. Buffett first became involved in Berkshire Hathaway (BRK.A), the multinational conglomerate holding company he oversees as CEO and chairman, in the 1960s. He achieved billionaire status in the 1980s and has been committed to giving away his fortune through annual donations for nearly two decades now. But, like everyone else, the 94-year-old investor knows he won’t be around forever.

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“Father time always wins,” said Buffett in a shareholder letter released Nov. 25 that revealed a recent $1.1 billion donation and pulled back the curtain on his succession plans. “To date, I’ve been very lucky, but, before long, he will get around to me.”

The businessman’s newest charitable contribution comes in the form of Berkshire Hathaway stock that will benefit a network of family........

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