The Giving Pledge
by Adam Goodwin | 2014 | Last Updated: February 18, 2014
The Giving Pledge
Have you heard of the giving pledge? The idea is really simple.
The world’s wealthiest individuals (people who aren’t just billionaires, but mega-rich), have pledged and agreed to pledge and give most of their money to philanthropy organizations and charities.
How Did It Start
Warren Buffett, one of the world’s richest men, and one of the world’s wealthiest men, pledged 99% of his financial wealth to foundations to do philanthropic work and projects. Here is a fantastic excerpt as to why:
“Were we to use more than 1% of my claim checks (Berkshire Hathaway stock certificates) on ourselves, neither our happiness nor our well-being would be enhanced. In contrast, that remaining 99% can have a huge effect on the health and welfare of others.”
How Does It Work
The world’s richest (at least, financially) people morally pledge to contribute a very large portion of their materialist wealth to others. They can select the projects. They select when they and how they donate.
It empowers the rich. Instead of setting out strict rules and guidelines (that would only cost millions of dollars in legal fees), The Giving Pledge embraces the donor into giving to projects he/she/they identify with.
A Call To Action
Do we need to just leave this to the billionaires of the world? Can everyone pledge a little bit of what they have to give and provide to others?
Based on your reading of this blog post, you may also be interested in: Human Rights.
These are one person’s thoughts and opinions. I welcome and strive to get your feedback and own thoughts. Feel free to comment below or connect with me via social media.
Adam Goodwin is a Canadian working in the United Kingdom, and is a proud shameless idealist. His parents currently work in Cairo, Egypt. He has siblings and distant family in Canada and around the rainbow nation’s only home. Follow his year+ overseas on Twitter (@adam13goodwin) and on this blog