Giving Pledge Campaign Scores $150 Billion for Charity

2:20 pm Uncategorized

Warren Buffett and Bill Gates are out to change the world, not just with their money but with half the wealth of 38 other billionaires.

According to a Reuters story late Wednesday, the philanthropic campaign launched by Buffett and Gates in June – The Giving Pledge Campaign – has gotten another 38 billionaires to pledge half of their fortunes to charity.

Some of the more notable names include New York Mayor Michael Bloomberg, Ted Turner, Barry Diller, moviemaker George Lucas, energy tycoon T. Boone Pickens and Oracle co-founder Larry Ellison.

The article noted that since June, Gates and his wife have approached 70-80 billionaires and asked them to donate half their fortunes either during their lifetime or upon their death.  The billionaires are not asked to donate to any specific charity, just to donate.

According to Forbes, there are 403 billionaires in the U.S.  Gates and Buffett plan to host several events this year to recruit more U.S. billionaires, and also to travel to India and China to try to recruit more there.

You can visit www.thegivingpledge.org to view a full list of the billionaires and read their letters explaining their decision to give.

You can also visit a California estate planning attorney to learn more about setting up a charitable trust or other giving options.

Your California legal and financial planning experts are at your service; Contact us today.

Leave a Comment

Your comment

You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.