More Than 200 billionaires promised to donate a majority of their wealth since the Buffet/Gates 'Giving Pledge' launched 10 years ago. Is that a success?
A decade ago Melinda and Bill Gates and Warren Buffett launched “The Giving Pledge.” Since then, more than 200 billionaires have agreed to give away the majority of their wealth.Andrew Carnegie,In 2010, Bill and Melinda Gates and Warren Buffett started the Giving Pledge, a promise by very rich people to give away a majority of their wealth during their lifetime or in their will.
While there's little evidence the Pledge has increased giving, there's also little evidence it hasn't. Gunther found Pledgers who don't appear to have given much at all yet. But it's just as easy to find examples who appear to be living up to the Pledge. There are no official numbers, but various published sources suggest some are on track to meet the Pledge goal. Azim Premji, chairman of Wipro and unofficially the IT czar of India, has given away $21 billion.
And while he hasn't signed the Pledge, Africa's richest man, industrialist Aliko Dangote of Nigeria, has his own foundation which works closely with the Gates Foundation on issues like polio. Nigeria is expected to be certified polio-free this year. He says he was personally inspired by the Gateses to take on improving the health care system. Now his foundation's work is inspiring others.
Many, though, insist the decision is not really about the money at all, but rather the publicity that comes with it. It's two separate decisions. 1. Give? 2. Sign? Chuck Feeney gave away most of his fortune before the Pledge even existed, but he nonetheless hesitated before signing. According to Jane Wales of the Aspen Institute and founder of the Global Philanthropy Forum,"Chuck is the most reclusive guy ever.
As with many things, perhaps this is one of those situations where when people say it's not about the money, it really is.The jury is still out on whether the Giving Pledge is a success. It will be a long wait before the verdict comes in, until at least the first class of Pledgers has died, their estates settled, and an accounting done. That's many years in the future. It may never happen.
France Dernières Nouvelles, France Actualités
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