Posts Tagged ‘charity’

Making the world a better place: fifty-eight billionaires have followed Bill and Melinda Gates and Warren Buffett in pledging to give half their wealth to charity

December 26, 2010


While Republicans were digging in their heels to get tax breaks for millionaires and Democrats were demonizing them, 58 billionaires were promising to give away more than half of their wealth to philanthropic causes..

They’ve taken “The Giving Pledge,” an initiative of Warren Buffett and Bill and Melinda Gates “to make the world a better place.”

The names of Buffett and the Gates’s don’t appear on the website, They’re not into self-aggrandizement. In fact quite the opposite: when Buffett, reportedly the world’s third wealthiest person, decided to give away 99 percent of his wealth, he didn’t endow a Warren Buffett foundation: he decided that the Bill and Melinda Gates Foundation had all the right intentions and the right competence, so he decided to give it all to that going concern. He’s already given over six billion dollars to the foundation.