Aug 4, 2010 12:23 PM by Melissa Canone

40 Wealthy Families Pledge to Donate Their Money

SEATTLE (AP) - Forty wealthy families and individuals have
joined Microsoft Corp. co-founder Bill Gates and billionaire
investor Warren Buffett in a pledge to give at least half their
wealth to charity.
Six weeks after launching a campaign to get other billionaires
to donate most of their fortunes, the chairman and CEO of Berkshire
Hathaway Inc. released the first list Wednesday of people who have
signed what he and Gates call the "giving pledge."
Buffett decided in 2006 to give 99 percent of his fortune to
charity. Then, he was worth about $44 billion. After five years of
investment returns while making annual gifts to five foundations,
Buffett's fortune totals nearly $46 billion.
In addition to making a donation commitment, Gates and Buffett
are asking billionaires to pledge to give wisely and learn from
their peers.


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