Warren Buffett and Bill Gates want the richest Americans to promise to give most of it away.
In a campaign launched on Wednesday, the two billionaires are calling on the nation’s wealthiest people to formally pledge at least 50% of their money to philanthropic causes and charity during their lifetimes or at their death.
From the campaign’s website, givingpledge.org:
Each person who chooses to pledge will make this statement publicly, along with a letter explaining their decision to pledge. At an annual event, those who take the pledge will come together to share ideas and learn from each other.
Full story: ‘Time to give it up,’ Buffett and Gates tell the super-rich | Money & Company | Los Angeles Times