Subject: Re: Buyback average price
In the US, the donor would not be taxed on the appreciation (unrealized gain)if the shares were donated.

If the individual sold their shares to Berkshire, they would pay tax on the gain. They would have less (possibly much less)to donate as a result.

I can certainly see the Board of Directors having a policy to buy back the shares from the recipient of the donation at FMV to facilitate transactions like this. And I would approve of such a policy.

It would not be a “normal” buy-back. It would not have any relationship to IV, conservatively calculated.