The wealthy, like Denis Obrien, have been taking interest in philanthropic endeavors, best encapsulated in The Giving Pledge; a charitable organization composed of billionaires who have dedicated their vast wealth to philanthropic and charitable endeavors. The group have recently grown, meaning that the list of billionaires in its rank, who’ve committed to spending down their fortunes in magnanimity continues to expand.
This means that there’s now more money for social good and projects aimed at helping the unfortunate. The number of new members, 14, is familiar, as that was the same number of new additions in the group back in 2017. The annual additions is close to the annual increase that The Giving Pledge has seen remain fairly sturdy in recent years.
In total, The Giving Pledge now has 183 wealthy donors from across 22 countries from across the world. The group was founded back in 2010 when corporate couple Bill and Melinda Gates teamed up with Berkshire Hathaway CEO Warren Buffet to rally 40 wealthy people to commit to their goal. The key idea behind The Giving Pledge is to show the wealthy, like Denis Obrien, that generosity and magnanimity shouldn’t be abnormal for them – it is expected of them.
Members, of course, get privileges. Those who join become part of a philanthropic roundtable of sorts, a think tank aimed at sharing ideas on how to best make a positive impact on the world, with group strategy sessions aimed at helping its member learn and share ideas.
The core philanthropic ideas the group is focusing on vary widely, but it includes topics like improving educational access, funding medical and healthcare research, according to a press release. Among the newest members are Aneel and Allison Bhusri, the co-founder and CEO of Workday, and the founder of Lemonade Capital, respectively. They’ll be joining big names like LinkedIn co-founder Reid Hoffman and Facebook CEO Mark Zuckerberg.
Overall, 9 of the 14 new members of The Giving Pledge are from the US, with the other new additions from Canada, India and the UAE. The group’s donations aren’t limited by geographic boundaries, with the group’s aim to fund improvements that other philanthropists and governments won’t be able to afford or negotiate for on their own.