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What would you do with $1 BILLION?

What would you do with $1 BILLION?. Spend it? Invest it? Donate it? Start your own charity? Leave it to family in your will?. For 403 American billionaires & thousands more around the world, this is a real decision. What will they do?. Gates and Buffet initiative, June 2010

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What would you do with $1 BILLION?

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  1. What would you do with $1 BILLION? Spend it? Invest it? Donate it? Start your own charity? Leave it to family in your will?

  2. For 403 American billionaires & thousands more around the world, this is a real decision. What will they do?

  3. Gates and Buffet initiative, June 2010 Calling the world’s billionaires to give minimum of half their wealth to charity Giving Pledge doesn’t accept money Billionaires aren’t told where to donate Not a contract, instead a moral commitment Billionaires must publicly state their intention to give So far, 40 have pledged! www.givingpledge.org

  4. Two billionaires going to sell the Giving Pledge idea of giving to china’s richest. • 2ndlargest number of billionaires in China www.lianchang.cc Globe and Mail. Sept 8th, 2010:Gates, Buffet to wine and dine China’s super rich

  5. Advantages … Challenges donors to give more than ever imagined Gates & Buffet: 2nd & 3rd wealthiest in the world ($53& $47 billion respectively) They are very influential among the wealthy At a min., $600 billion donated if entireForbes 400 Richest Listpledges- extreme shift in giving Inspirational to the public

  6. What do you think?What negative repercussions could there be?dailyapple.blogspot.com

  7. Concerns… Can charities effectively manage and distribute these billions? Potential drop in public donations? Is this guilt-induced giving? Does that even matter, as long as money is being donated?

  8. What this means for fundraisers Use major donors to challenge other major donors. Peer pressure works! Growing trend of wealthy individuals creating own foundations i.e. Bill and Melinda Gates Foundation approach these foundations for funding

  9. THANKS!

  10. Sources Carol Goar. “Goar: Mega Donations Pose Deep Problems.” The Toronto Star. 11 Aug. 2010. http://www.thestar.com/opinion/editorialopinion/article/846321--goar-mega-donations-pose-deep-questions thegivingpledge.org “40 U.S. Billionaires Accept Gates, Buffet Giving Challenge.” 4 Aug. 2010.http://www.afpnet.org/Audiences/NewsReleaseDetail.cfm?ItemNumber=4543 Stephen Simpson. “Is the Billionaire Charity Pledge a Good Idea?” Financial Edge. 12 Aug. 2010. http://financialedge.investopedia.com/financial-edge/0810/Is-The-Giving-Pledge-A-Good-Idea.aspx Paulette Maehara. “The Gates-Buffet Billionaire Challenge.” 17 June 2010. http://paulettespov.blogspot.com/2010/06/gates-buffett-challenge-billionaire.html Elisa Birnbaum. “I Pledge: Making the most by giving it away.” 23 Aug. 2010. http://www.charityvillage.com/cv/archive/acov/acov10/acov1026.asp “Gates, Buffet to wine and dine China’s super rich.” The Globe and Mail. 8 Sept. 2010. Print. Luisa Kroll, Matthew Miller. 10 Mar. 2010. “The World’s Billionaires.”http://www.forbes.com/2010/03/10/worlds-richest-people-slim-gates-buffett-billionaires-2010_land.html Michelle Nichols. “US Billionaires Pledge Fortunes to Charity.” Reuters. 4 Aug. 2010. http://www.reuters.com/article/idUSTRE6733F520100804?pageNumber=2

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