Monday, August 23, 2010

I Pledge: Making the most by giving it away

I Pledge: Making the most by giving it away: "Thanks to a philanthropic campaign led by two of the world's most financially blessed — Warren Buffet and Bill Gates — dozens of billionaires pledged recently to give at least half their fortunes to charity. According to estimates by Forbes magazine, that basically means at least $150 billion could potentially be committed to a range of causes.

They did what?!

The Giving Pledge campaign, launched initially in June, saw Buffett as well as Gates and his wife Melinda, approach close to 20% of the richest folk in the United States hoping to convince them to let a large chunk of their fortunes go. The idea was they would donate — whether during their lifetime or after their death — to philanthropic causes and charitable organizations of their choice."

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