it Invest it Donate it Start your own charity Leave it to family in your will What would you do with 1 BILLION For 403 American billionaires amp thousands more around ID: 173809
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Slide1
Spend it?Invest it?Donate it? Start your own charity? Leave it to family in your will?
What would you do with
$1 BILLION?Slide2
For 403 American billionaires & thousands more around the world, this is a real decision. What will they do?Slide3
Gates and Buffet initiative, June 2010Calling the world’s billionaires to give minimum of half their wealth to charityGiving Pledge doesn’t accept money Billionaires aren’t told where to donateNot a contract, instead a moral commitmentBillionaires must publicly state their intention to giveSo far, 40 have pledged!www.givingpledge.orgSlide4
Globe and Mail. Sept 8th, 2010:Gates, Buffet to wine and dine China’s super richTwo billionaires going to sell the Giving Pledge idea of giving to china’s richest. 2nd largest number of billionaires in China
www.lianchang.ccSlide5
Challenges donors to give more than ever imaginedGates & Buffet: 2nd & 3rd wealthiest in the world ($53 & $47 billion respectively)
They are very influential among the wealthy
At
a
min.,
$600
billion donated if entire
Forbes 400 Richest List
pledges- extreme shift in givingInspirational to the public
Advantages …Slide6
What do you think?What negative repercussions could there be? dailyapple.blogspot.comSlide7
Can charities effectively manage and distribute these billions?Potential drop in public donations?Is this guilt-induced giving? Does that even matter, as long as money is being donated?Concerns…Slide8
Use major donors to challenge other major donors. Peer pressure works!Growing trend of wealthy individuals creating own foundations i.e. Bill and Melinda Gates Foundation approach these foundations for fundingWhat this means
for fundraisersSlide9
THANKS!Slide10
Carol Goar. “Goar: Mega Donations Pose Deep Problems.” The Toronto Star. 11 Aug. 2010. http://www.thestar.com/opinion/editorialopinion/article/846321--goar-mega-donations-pose-deep-questionsthegivingpledge.org“40 U.S. Billionaires Accept Gates, Buffet Giving Challenge.” 4 Aug. 2010. http://www.afpnet.org/Audiences/NewsReleaseDetail.cfm?ItemNumber=4543Stephen Simpson. “Is the Billionaire Charity Pledge a Good Idea?” Financial Edge. 12 Aug. 2010. http://financialedge.investopedia.com/financial-edge/0810/Is-The-Giving-Pledge-A-Good-Idea.aspxPaulette Maehara. “The Gates-Buffet Billionaire Challenge.” 17 June 2010. http://paulettespov.blogspot.com/2010/06/gates-buffett-challenge-billionaire.html
Elisa Birnbaum. “I Pledge: Making the most by giving it away.” 23 Aug. 2010.
http://www.charityvillage.com/cv/archive/acov/acov10/acov1026.asp
“Gates, Buffet to wine and dine China’s super rich.”
The Globe and Mail.
8 Sept. 2010. Print.
Luisa Kroll, Matthew Miller. 10 Mar. 2010. “The World’s
Billionaires.”
http
://www.forbes.com/2010/03/10/worlds-richest-people-slim-gates-buffett-billionaires-2010_land.html
Michelle Nichols. “US Billionaires Pledge Fortunes to Charity.” Reuters. 4 Aug. 2010. http://www.reuters.com/article/idUSTRE6733F520100804?pageNumber=2
Sources