Taking the Giving Pledge: Billionaires Joining Together for the Greater Good

Business Initiative Directions

Everyone should know about the Giving Pledge Group. Founded in 2010 by Warren Buffett and Bill and Melinda Gates, this is an organization that brings the richest individuals and families together in a pledge to give over 50% of their wealth to philanthropic causes. As of 2011, 69 billionaires had already made the pledge.

Although it is not a binding contract, whoever makes the “Giving Pledge” morally commits to becoming a philanthropist and each one is responsible for giving their wealth to the causes that they choose.