Wednesday, August 04, 2010
More billionaires take Buffett's pledge to give it away | Money & Company | Los Angeles Times
Warren Buffett and Bill Gates say they’ve gotten pledges from 38 other super-rich Americans to give most of their wealth away to charity or other philanthropic causes during their lifetimes or at their death.
The full list is at givingpledge.org.
“We’ve really just started, but already we’ve had a terrific response,” Buffett said in a statement.
The campaign, launched in June, asks wealthy individuals and families to formally pledge more than 50% of their money to philanthropic causes or charity, presumably rather than leaving it in the family. It’s a moral commitment, not a legal one.
Of course, many of the wealthiest people who’ve joined the campaign may already have expected to give away most of their wealth. But Buffett said on a conference call Wednesday that “at least a couple” of the new pledge signers had changed their previous plans and increased their anticipated giving to 50% or more.
GivingPledge says the commitments “do not involve pooling money or supporting a particular set of causes or organizations.”
-- Tom Petruno