Billionaires Who Have Taken the Giving Pledge

Have you heard of The Giving Pledge? Bill Gates and Warren Buffett created the pledge in order to get wealthy individuals and families to give away half of their estates. Below is a list of those who have taken the pledge so far. As you can see, these are some wealthy people.

I might have heard about this pledge earlier but didn’t pay attention to it until I saw Billionaires Who Haven’t Taken the Giving Pledge on MSN this morning. By making this list public, it does seem to put some pressure on those who are wealthy and have not yet made the pledge. As the above article mentions, all of those on the list who have not yet pledged have their own charities and do give back to society.

Paul G. Allen

Laura and John Arnold

Michael R. Bloomberg

Eli and Edythe Broad

Warren Buffett

Michele Chan and Patrick Soon-Shiong

Barry Diller and Diane von Furstenberg

Ann and John Doerr

Larry Ellison

Bill and Melinda Gates

Barron Hilton

Jon and Karen Huntsman

Joan and Irwin Jacobs

George B. Kaiser

Elaine and Ken Langone

Gerry and Marguerite Lenfest

Lorry I. Lokey

George Lucas

Alfred E. Mann

Bernie and Billi Marcus

Thomas S. Monaghan

Tashia and John Morgridge

Pierre and Pam Omidyar

Bernard and Barbro Osher

Ronald O. Perelman

Peter G. Peterson

T. Boone Pickens

Julian H. Robertson, Jr.

David Rockefeller

David M. Rubenstein

Herb and Marion Sandler

Vicki and Roger Sant

Walter Scott, Jr.

Jim and Marilyn Simons

Jeff Skoll

Tom Steyer and Kat Taylor

Jim and Virginia Stowers

Ted Turner

Sanford and Joan Weill

Shelby White

Beth’s Fundraiser Update (She Still Needs Your Help)

Just thought I’d give you guys an update on Beth’s fundraiser for suicide prevention. I blogged about this last week. Unfortunately, the post got buried so lots of you probably didn’t see it. Anyway, I just want to remind you that she’s still looking for donations. When I posted about this, she had raised $400. Now she’s at $460, which is still a long way from her $1,500 goal.

Thanks for considering this.

Stuck at $620 – An Update on Beth’s Fundraiser


First off, thanks to those who helped Beth with a contribution towards her fundraising goal. Thanks to some big contributions (that had nothing to do with yesterday’s post), Beth is now 41% towards her goal. The bad news is that she’s stuck at $620. The good news is that you can still make a contribution if you so desire. Just visit Beth’s Fundraising Page and click on the “Support Me” icon.

NOTE: I don’t normally get involved with this kind of stuff but made an exception for a friend. Don’t worry, I won’t be harrassing AFM readers with all kinds of fundraisers. I promise.

PLEASE Help a Worthy Cause

Beth has been a reader of AFM for a long time. Over the last couple of years we have become friends through email.

I found out this morning that she is in the process of collecting donations for a walk she will be doing in September for the American Foundation for Suicide Prevention. She lost her husband in 2003 and has taken up the cause in hopes of preventing other tragedies. I think it’s a worthy cause.

I thought it would be cool if we could help her meet her goal of raising $1,500. As of this writing she has raised just under $400 so she has a ways to go in order to meet her goal.

To make this fun I thought I’d challenge AFM readers to help Beth meet her goal. I will contribute $50 today and another $50 in September IF we can get 51 people to give $20 (or 102 people to give $10) each towards Beth’s goal.

Will you help?

If so, please head over to Beth’s Fundraiser Page and make your $20 pledge. I’ll keep track of the balance and let you know of the progress until the goal is met.

Oh, and to put this in perspective…according to my blog stats, AFM has roughly 5,200 subscribers. Surely 51 of those readers can help out.

A Way You Can Help!

Here’s a worthwhile program you can donate to:

According to their website, the Shoes for Orphan Souls has given away 1.6 million pairs of shoes to orphan children here in the United States and throughout the world. That’s great but there are 143 million orphans in the world! The need is still great. You can either donate a new pair of shoes (or more if you so desire) to the program or donate cash to help with shipping expenses.

I learned about this program through my church.

When To Refuse Financial Help from Parents?

Is there ever a point at which one is too old, too financialy stable, or too something-else to accept financial assistance from his or her parents?

I am assuming that the answer to that question is “yes,” but it seems very difficult to pinpoint the exact time or circumstance when that is the case. Surely it must depend on a number of factors such as:

  • The “child’s” financial status
  • The parents’ financial status
  • The age of both parties
  • The form of assistance (cash, gifts, time, labor, investments)
  • The reason or motive behind the assistance.

On the other hand, perhaps the acceptability of receiving a parent’s generous offer is never truly extinguished. Otherwise we would have to turn down inheritances, life insurance proceeds and even gifts and educational funds for the grandkids.

There is one situation in my personal life which has brought this dilemma to my attention. I still accept financial assistance from my parents in one key area: they reimburse me for the cost of my flight whenever I fly home, which is usually twice a year (at Thanksgiving and Christmas) and averages around $350 per round trip flight.

There’s really no other time or circumstance during which they offer me money, but this offer has stood ever since I left for college. And they continue to offer every year despite the fact that I graduated several years ago and am perfectly capable of affording my own flight. Well, my mother continues to offer, I should say. I think it’s really her way of showing how excited she is that I’m coming to visit; in fact she always ends up offering in a moment of exuberance when I tell her when I plan to arrive – and/or when I casually mention how much flight prices have gone up.

I’m starting to feel a bit guilty about this. Reason One: I can easily afford to pay this expense now. Two: I spend at least that much every month on going out and other discretionary items. Three: I happen to know I have a higher salary than my mother (she’s a teacher and works mainly for fun and for the insurance benefits).

Of course I know they can easily afford it, or else I would never accept at all. But I think it’s time I stand up and say “no, mom, don’t worry about it” when she offers this year (which she’s already done once). Besides, I’m the oldest, and I should set an example for my three younger siblings. I shouldn’t be accepting this kind of “help” when I have a well-paying job and when they see me strolling in with a designer purse or other item I splurged on during the year.

HOWEVER, if my parents ever offer to set up education funds for my future children, instigate an annual financial gift for me and my siblings as part of an estate plan, or even take the whole family on a trip, I plan to graciously and happily accept.

More from Meg at The World of Wealth