The Giving Pledge Not Accepting Donations

I repeat, not accepting donations (from you, or me).

You’ve probably heard about this already and this may be way off topic. But since this is about money, I figure this is technically, on topic. Bill Gates and several ‘friends’ are planning to donate half their fortune to charity (The Giving Pledge campaign).

From Mother Nature Network:
“Based on Forbes magazine’s estimates of the billionaires’ wealth, at least $150 billion could be given away.”

‘The Giving Pledge does not accept money or tell people how to donate their money, but asks billionaires to make a moral commitment to give their fortunes to charity. “The idea is not to tell anybody when or how to do it, but at least offer what others have learned,” Buffett said.’

Wonder what they are discussing… *whisper* *giggle* *whisper*

Tax break or not, I would like to believe them. Do you?
‘…Buffett said none of the members of The Giving Pledge were driven by tax breaks. “Not one has talked to me about taxes,” he said. “Anybody who is entitled to take a tax deduction takes it but I think the motivation goes far, far beyond taxes.’

Buffet’s been doing this for years, he ain’t new to this (first, yay):
“Buffett pledged in 2006 to give away 99 percent of his wealth to the Bill & Melinda Gates Foundation and family charities. Bill and Melinda Gates have so far donated more than $28 billion of their fortune to their foundation.”

And furthermore, if you are related take note:
“I’ve long stated that I enjoy making money, and I enjoy giving it away,” energy tycoon Pickens, who is worth about $1 billion, said in his Giving Pledge letter. “I’m not a big fan of inherited wealth. It generally does more harm than good.”

Barron Hilton is on board. See the rest of  The Giving Pledge list.