Apple CEO Tim Cook is the latest billionaire to sign up the The Giving Pledge, promising to donate the majority of his fortune to charity.
The 54 year old is the 129th pledger to sign up to The Giving Pledge, joining the likes of Facebook founder Mark Zuckerberg, Virgin CEO Richard Branson and Groupon founder Eric Lefkosky. Cook told Fortune Magazine that after paying for his 10 year old nephew’s education, he would leave the remainder of his personal fortune to various charitable organisations.
Formed by IBM founder Bill Gates and musician Warren Buffett back in 2010, The Giving Pledge was set up to encourage the world’s wealthiest billionaires to give away half of their money to charity. Pledges are made public in order to inspire others, as well as creating discussion about philanthropy and various causes.
On The Giving Pledge website you can browse through each donor and read their stories – engaging and inspiring pieces that offer an insight into these people’s lives and the thought process that goes into giving.
“TGP is a commitment by the world’s wealthiest individuals and families to dedicate the majority of their wealth to philanthropy.”
Who can pledge?
The Giving Pledge is specifically focused on billionaires or those who would be billionaires if not for their giving.
The idea takes its inspiration from efforts in the past and at present that encourage and recognize givers of all financial means and backgrounds. We are inspired by the example set by millions of people who give generously (and often at great personal sacrifice) to make the world a better place.
Initially, the focus was on the wealthiest families and individuals in the United States. Since there have been enthusiastic responses to the Giving Pledge around the world, the pledge now includes people from a mix of countries around the world.
How does it work?
Each family or individual who chooses to pledge will make this statement publicly, along with a statement 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.
Throughout the year, there are opportunities for conversations that go deeper on the specific topics of interest to the group.
Check it out
Visit The Giving Pledge website to take a look through the pledger profiles and find out more about this great idea.