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You don't give away that much money without changing the places and institutions and people you give it to, sometimes for the worse. Zuckerberg should already know this. In 2010, he donated $100 million to the Newark Public Schools on a promise from Cory Booker that he could, according to Dale Russakoff's The Prize , "flip a whole city."
Dr. Mo Ibrahim – founder of telecom company Celtel International; set up the Mo Ibrahim Foundation to encourage better governance in Africa, and providing higher education scholarships for leadership and management for Africans; initiated the Mo Ibrahim Prize for Achievement in African Leadership; Dustin Moskovitz – co-founder Good Ventures
The American way was for the self-made millionaires to become self-made philanthropists, a model that was perfected in the next generation by Andrew Carnegie (1835–1919) and John D Rockefeller (1839–1937). They agreed with Peabody that riches produced a duty to give most of it back to the community through specialized permanent foundations.
The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority (i.e. more than 50%) of their wealth to philanthropic causes. As of June 2022, the pledge has had 236 signatories from 28 countries. [1]
The most generous among America's richest billionaires give away more than 10% of their fortunes. Some of them are doing their best to give away all of it — or at least as much as they can while...
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There are few topics more likely to rile up a dinner table conversation than student loans. And it’s no secret that, this year, the issue is weighing extra heavily on many people. (In fact ...
Bernie and Billi Marcus were signatories of The Giving Pledge, a commitment to give away the majority of their wealth to philanthropic causes. [28] By 2019, Bernard Marcus had given away $2 billion to various philanthropic causes and pledged to give away most of his fortune, [29] [30] [31] which had doubled to $9.8 billion in 2024. [32]