Billionaires in the United States gave 30 percent less to charity in 2012 than the previous year, the Chronicle of Philanthropy reports.
According to the news outlet, gifts from billionaire philanthropists last year totaled $5.1 billion. But after subtracting Warren Buffett’s pledge to give stock valued at $3 billion to his children's three foundations from the overall tally, that number came in at $2 billion, a significant drop from 2011’s $2.6 billion in charitable giving by billionaires.
Even after accounting for Buffett’s hefty personal gift, the business mogul's generous hand still played a major role in getting people to donate charity last year. Buffett inspired 23 families in 2012 to join the Giving Pledge -- an initiative he launched along with the Bill and Melinda Gates Foundation to get the super-wealthy to pledge half their riches to charity.
Read More...
More on Warren Buffett
via Google News
No comments:
Post a Comment