Economics

The Giving Pledge is an effort to invite the wealthiest individuals and families in America to commit to giving the majority of their wealth to the philanthropic causes and charitable organizations of their choice either during their lifetime or after their death.

Each person who chooses to pledge will make this statement publicly, along with a letter 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.

The Pledge is a moral commitment to give, not a legal contract. It does not involve pooling money or supporting a particular set of causes or organizations.

While the Giving Pledge is specifically focused on billionaires, 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 Americans who give generously (and often at great personal sacrifice) to make the world a better place.

South Sudanese citizens show support for their government’s decision to shut down all oil production. (Photo Courtesy Issac Billy/UN

allafrica.com - May 6, 2012

Washington — The newly independent state of South Sudan is quickly headed towards an economic cliff in light of its decision to shut down oil production which went into effect earlier this year, says a confidential report by the World bank.

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