16 Jun 2010
America’s richest people should commit at least 50 percent of their net worth to charity, three of the nation’s wealthiest citizens said today.
Warren Buffett, who has committed 99 percent of his fortune to charity, along with Bill and Melinda Gates, who have given more than $28-billion to their foundation and say they plan to give a significant portion of their remaining wealth to good causes, issued the pledge.
It follows meetings they have been holding across the country to gather donors and encourage them not only to give that much but also to announce their giving plans publicly as way of inspiring other wealthy people to give substantial sums.