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40 Billionaires Giving It Away

8/20/2010
August 19, 2010

 

Forty U.S. Families Take Giving Pledge

Billionaires Pledge Majority of Wealth to Philanthropy



SEATTLE – Aug. 4, 2010 – Forty of the wealthiest families and individuals in the United States
have committed to returning the majority of their wealth to charitable causes by taking the
Giving Pledge. The announcement of this first group was made by Warren Buffett approximately
six weeks after kicking off the long-term charitable project with Bill and Melinda Gates.

“We’ve really just started, but already we’ve had a terrific response,” said Warren Buffett, pledge
co-founder and chairman and CEO of Berkshire Hathaway. “At its core, the Giving Pledge is
about asking wealthy families to have important conversations about their wealth and how it will
be used. We’re delighted that so many people are doing just that – and that so many have
decided to not only take this pledge but also to commit to sums far greater than the 50%
minimum level.”

Wealthy supporters from throughout the country have come forward to join the pledge, including
the following 40 families and individuals. A full list of those taking the pledge and personal
pledge letters by many of these supporters outlining their commitment to give is available online
at www.givingpledge.org.

The Giving Pledge is an effort to help address society’s most pressing problems by inviting the
wealthiest American families and individuals to commit to giving more than half of their wealth to
philanthropy or charitable causes. The pledge is a moral commitment to give, not a legal
contract, and it does not involve pooling money or supporting a particular set of causes or
organizations. While it is specifically focused on billionaires, the idea takes its inspiration from
other efforts that encourage and recognize givers of all financial means and backgrounds.
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Broward County Inspiring Philanthropy over 25 years