The official website states that it "is an effort to invite the wealthiest individuals and families in the United States to commit to giving the majority of their wealth to philanthropy." As of December 2010, 57 billionaires in the US have joined this campaign and pledged to give 50% or more of their wealth to charity.A minimum total of at least $125 billion has been promised from the first 40 donors based on their aggregate wealth as of August 2010.

According to the ________ the donation can happen either during the lifetime or after the death of the donor. The pledge is a moral commitment to give, not a legal contract.

Just Put Funda Behind this