The creation of the Giving Pledge established moral commitments to philanthropy. This provides a unique platform for the world’s wealthiest to give back generously.
In August 2010, 40 of America’s wealthiest people joined together in a commitment to give the majority of their wealth to address some of society’s most pressing problems. Created by Bill and Melinda Gates and Warren Buffett, the Giving Pledge came to life
The Giving Pledge is a simple concept:
An open invitation for billionaires, or those who would be if not for their giving, to publicly commit to giving the majority of their wealth to philanthropy. It is inspired by the example set by millions of people at all income levels who give generously – and often at great personal sacrifice – to make the world better. Envisioned as a multi-generational effort, the Giving Pledge aims over time to help shift the social norms of philanthropy among the world’s wealthiest people and inspire people to give more, establish their giving plans sooner, and give in smarter ways.
About the Giving Pledge
Why a pledge?
The Giving Pledge is a moral commitment – not a legally binding one. It is a simple proposition, encouraging more of the world’s wealthiest people to commit to giving the majority of their wealth to charitable causes and philanthropy. The Giving Pledge is inspired by the example set by millions of people who give generously, and often at great personal sacrifice, to make the world a better place.
The Giving Pledge does not solicit support for any specific philanthropic foundation, cause, or organization. The Pledge encourages signatories to support issues that inspire them personally and benefit society. Giving Pledge signatories are focused on a wide array of causes, from medical research to poverty alleviation, disaster relief, and arts and culture. Some signatories focus on their local communities, while others focus on national or global issues.