The Giving Pledge
Have you heard of the giving pledge? I just learned about it and since I am not wealthy (by any means), it is not surprising that I had not heard about it. It is a campaign to convince America’s wealthiest people to give away their fortunes to worthwhile causes. Individuals are asked to write a letter, like below, to pledge donating 50% or more of their wealth to philantrophy. Warren Buffet has publicly pledged his money through this organization. There will also be a Great Givers annual meeting where people talk about giving their money away and its importance. Surprisingly, only 15% of the “rich” give away the bulk of their fortunes. So there is plenty room to grow. This is what I call an advocacy-rich organization that benefits many. Thank goodness there is a movement to advocate for people and causes in need.
“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.”
