Why the wealthy give
For those interested in giving and philanthropy, you should be aware of http://givingpledge.org/ — this website describes what began as Bill and Melinda Gates’ and Warren Buffett’s joint challenge to some of the wealthiest people in America to give away much of their wealth.
Specifically, the website describes The Giving Pledge this way:
The Giving Pledge is an effort to invite the wealthiest individuals and families in America to commit to giving the majority of their wealth to the philanthropic causes and charitable organizations of their choice either during their lifetime or after their death.
Some of you may be shocked by the aggressiveness of this goal, and others may be unimpressed, emphasizing the fact that we can take none of our money/wealth with us to the grave — but one thing we must all agree on is this: wealthy people committing to give away their money is a great thing and is significantly in contrast with much of the
On The Giving Pledge website, each of those who have made the pledge have a letter posted, describing why giving is important to them. But you may also find it interesting to read a pretty good summary of the reasons that come through in many of their letters, in this article written about The Giving Pledge’s participants.