 | America’s richest people should commit at least 50 percent of their net worth to charity, three of the nation’s wealthiest citizens said today.
Warren Buffett, who has committed 99 percent of his fortune to charity, along with Bill and Melinda Gates, who have given more than $28-billion to their foundation and say they plan to give a significant portion of their remaining wealth to good causes, issued the pledge.
It follows meetings they have been holding... |
| A movement to inspire the wealthy to donate a higher percentage of their riches gathers steam Twenty-seven years ago, Christopher Ellinger learned to his surprise that he had inherited $250,000, and that another $300,000 would eventually be on its way from his grandparents' estate. At the time, he was barely out of college, living on little money while finding his way as a social-change activist outside Philadelphia.
At first, he says, his new wealth was overwhelming, but |