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The Giving Pledge

     Have you heard of the Giving Pledge? I had not heard of it and there is good reason–I am not wealthy. The Giving Pledge is a new organization whereby wealthy (uber-wealthy) Americans pledge to donate 50% or more of their fortune to philantrophy. Warren Buffet just signed his pledge to donate his wealth and others are being encouraged to join this noteworthy movement of advocates for philanthrocates (a new word I just made up). There will even be a “Great Givers” annual meeting where the wealthy will gather to discuss how to best make use of their wealth giving. A very worthwhile cause to aid the world solve some of the most intractable problems and help people in greater need. Thank goodness there are people with a head on their shoulders.  Here is how it is explained on the website.

The Giving Pledge is an effort to invite the wealthiest individuals and families in America to commit to giving the majority of their wealth to the philanthropic causes and charitable organizations of their choice either during their lifetime or after their death.

Each person who chooses to pledge will make this statement publicly, along with a letter explaining their decision to pledge. At an annual event, those who take the pledge will come together to share ideas and learn from each other.

The Pledge is a moral commitment to give, not a legal contract. It does not involve pooling money or supporting a particular set of causes or organizations.

While the Giving Pledge is specifically focused on billionaires, the idea takes its inspiration from efforts in the past and at present that encourage and recognize givers of all financial means and backgrounds. We are inspired by the example set by millions of Americans who give generously (and often at great personal sacrifice) to make the world a better place.