The_Giving_Pledge

The Giving Pledge

The Giving Pledge

Charitable organization

The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority (i.e. more than 50%) of their wealth to philanthropic causes. As of June 2022, the pledge has had 236 signatories from 28 countries.[1] Most of the signatories of the pledge are billionaires, and as of 2023, their pledges are estimated at a total of US$600 billion.[2][needs update] However, there is no enforcement mechanism (signing the letter is an intention, not a formal commitment), and no restrictions on the charitable causes that signatories are allowed to support.

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Description

The organization's stated goal is to inspire the wealthy people of the world to give at least half of their net worth to philanthropy, either during their lifetime or upon their death. The pledge is a public gesture of an intention to give, not a legal contract.[3] On the Giving Pledge's website, each individual or couple writes a letter explaining why they chose to give.[4]

History

In June 2010, the Giving Pledge campaign was formally announced and Bill Gates and Warren Buffett began recruiting members.[5] As of August 2010, the aggregate wealth of the first 40 pledgers was $125 billion.[6] As of April 2011, 69 billionaires had joined the campaign and given a pledge,[7] and by the following year, The Huffington Post reported that a total of 81 billionaires had pledged.[8] By May 2017, 158 individuals and/or couples were listed as pledgers.[4][9][needs update] Not all pledgers are billionaires.

FTX founder Sam Bankman-Fried was removed from the list in December 2022 following his arrest.[10]

Banker T. Denny Sanford had his name removed from the list in May 2023 following the unsealing of court documents about his possible involvement with child pornography.[11]

The Giving Pledge was cited as inspiration for the Jewish Future Pledge, a charitable campaign launched in 2020 to encourage American Jews to give at least half of their charitable giving to Jewish- or Israel-related causes.[12]

List of notable pledgers

Net worth is as of 2022 for notable signers. A full list of pledgers is available online.[13]

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See also

References

  1. [1]
    "FAQ: How many people have joined the Giving Pledge, and where are they from?". The Giving Pledge. Retrieved 13 June 2022.
  2. [2]
    "Global Billionaire Population: The Billionaire Census 2018". Wealth-X. Retrieved 16 December 2020.
  3. [3]
    "Forty U.S. billionaires pledge to give half their money to charity". Xinhua News Agency. 4 August 2010. Archived from the original on 11 August 2010. Retrieved 5 August 2010. A statement from the Giving Pledge website said "the pledge is a moral commitment to give, not a legal contract."
  4. [4]
    The Giving Pledge :: Pledger Profiles Retrieved 16 May 2017
  5. [5]
    Carol Loomis (16 June 2010). "The $600 billion challenge". Fortune. Retrieved 20 October 2016.
  6. [6]
    Blackburn, Bradley (4 August 2010). "The Giving Pledge: Billionaires Promise to Donate at Least Half Their Fortunes to Charity". ABC News. Retrieved 5 August 2010.
  7. [7]
    10 More U.S. Families Commit to the Giving Pledge , retrieved 25 October 2011
  8. [8]
    "Warren Buffett, Bill Gates Giving Pledge Gets 12 More Billionaires To Commit Over Half Of Their Fortunes", Huffington Post, April 20, 2012
  9. [9]
    Lorenzetti, Laura (1 June 2016). "17 More Billionaires Join Buffett and Gates' Giving Pledge This Year". Fortune. Retrieved 20 October 2016.
  10. [10]
    Alexander, Sophie (2022-12-14). "Sam Bankman-Fried Cut From Giving Pledge Website After Arrest". Bloomberg L.P. Archived from the original on 2022-12-14. Retrieved 2023-08-05.
  11. [11]
    McEvoy, Jemima (25 September 2023). "Billionaire T. Denny Sanford Cut From The Giving Pledge After Child Porn Probe Documents Released". Forbes. Retrieved 26 September 2023.
  12. [12]
    Oster, Marcy (2020-05-14). "New Jewish giving pledge takes a page from Gates and Buffett initiative". Jewish Telegraphic Agency. Retrieved 9 October 2023.
  13. [13]
    "Pledgers". The Giving Pledge. Retrieved 23 November 2022.
  14. [14]
    "Elon Musk". Forbes. Retrieved 2024-04-16.
  15. [15]
    "Larry Ellison". Forbes. Retrieved 2024-04-16.
  16. [16]
    "Warren Buffett". Forbes. Retrieved 2024-04-16.
  17. [17]
    "Bill Gates". Forbes. Retrieved 2024-04-16.
  18. [18]
    "Mark Zuckerberg". Forbes. Retrieved 2024-04-16.
  19. [19]
    "Vladimir Potanin". Bloomberg Billionaires Index. 22 November 2022. Archived from the original on 23 November 2022. Retrieved 23 November 2022.
  20. [20]
    "Andrew Forrest". Forbes. Retrieved 2023-02-24.
  21. [21]
    Robin, Myriam (2013-02-20). "Andrew 'Twiggy' Forrest pledges to give away half his wealth". SmartCompany. Retrieved 2023-02-24.
  22. [22]
    "John Doerr". Forbes. Retrieved 2024-04-16.
  23. [23]
    Dwyer, Jim (2017-01-05). "'James Bond of Philanthropy' Gives Away the Last of His Fortune". The New York Times. Retrieved 2017-01-05.
  24. [24]
    "Judy Faulkner". Forbes. Retrieved 2022-08-15.
  25. [25]
    "Judy Faulkner – The Giving Pledge". The Giving Pledge. Retrieved 2022-08-15.
  26. [26]
    "Yuri Milner". Forbes. Retrieved 2024-01-30.
  27. [27]
    Denham, Hannah (2019-07-01). "Home Depot co-founder plans to give away most of his billions". Washington Post. Retrieved 2022-11-16.
  28. [28]
    Nussbaum-Cohen, Debra (2019-12-20). "Home Depot founder Bernie Marcus on sunsetting his foundation". Jewish Insider. Retrieved 2022-11-16.
  29. [29]
    "Thomas Secunda". Forbes. Retrieved 2021-12-29.
  30. [30]
    "Charles Zegar". Forbes Profile. 23 November 2022. Retrieved 23 November 2022.
  31. [31]
    Kolodny, Lora (2017-11-22). "Uber and Infosys co-founders are latest billionaires to join The Giving Pledge". CNBC. Retrieved 2017-12-16.
  32. [32]
    "Ted Turner". Forbes. 23 November 2022. Retrieved 23 November 2022.
  33. [33]
    "James Stowers, U.S." Forbes. Retrieved 2021-12-29.
  34. [34]
    "Forbes.com: Forbes World's Richest People 2005". www.forbes.com. Retrieved 2021-12-29.
  35. [35]
    "Sandy Weill". Forbes Profile. 6 April 2021. Retrieved 23 November 2022.
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