Friday, August 20, 2010
Warren Buffett's Billionaires Show Why Charity Trumps Government - US News and World Report: "Big news recently in the charity world: At last count, 38 billionaires signed the 'Giving Pledge,' in which they promised to donate at least half of their fortune to charity either during their lifetime or upon their death. The list includes such business leaders as David Rockefeller, Barron Hilton, Michael Bloomberg, Diane Von Furstenberg, and Barry Diller. All stepped up after being personally asked by fellow billionaires Bill and Melinda Gates and Warren Buffett, who themselves already give away about $3 billion a year. (Buffett has pledged to give away 99 percent of his money. His 2010 net worth is $47 billion.)"