The Giving Pledge

The co-founders of both Uber and Infosys have decided to join “The Giving Pledge” movement. The movement is an initiative undertaken by Warren Buffet and the Gates for encouraging the wealthy to donate half their wealth to charity.

The Giving Pledge was created in 2010 by Warren Buffet and Bill and Melinda Gates. The movement aims to encourage the world’s wealthiest people to donate half of their wealth to charitable causes.

The idea is to motivate the richest people in the world to “publically dedicate the majority of their wealth to philanthropy” while they’re still alive.

The latest additions to the group of altruistic millionaires are the co-founders of both Uber and Infosys. The co-founder of Uber, Garrett Camp, has a net worth of about $5.1 billion, while Nandan Nilekani, the co-founder of Infosys has a network of $1.7 billion.

Speaking of his decision in his personal blog, Camp states that a recent trip to Kenya had opened his mind to taking the plunge. He stated that after interacting with people who were surviving without access to basic resources like water and electricity, his eyes had finally opened.

Camp also stated that he would now involve himself with projects “where (a) hands-on systems design can create more efficient solutions, and help people who need it most”. Camp’s donation will be made via a new foundation he has created titled Camp.org.

The foundation is aimed at conducting philanthropic research and projects, which will help solve issues plaguing the world.

The Nilekanis, on the other hand, announced their decision via a letter on The Giving Pledge website. In the letter, they stated that “inequality” was rapidly increasing in a number of countries.

They spoke of how the “young and restless” were lost, “wanting more, anticipating less”. They also asked the all-important question of what “the super wealthy” were doing to rectify the situation.

In the past, the Nilenkanis philanthropic pursuits have been made through the Ek-Step foundation. They have concentrated their efforts on education as a sector.

However, they have now promised to be supportive to more “societal platforms”. This will include more investment in areas such as software development, where new approaches can be used to change people’s lives.

7 COMMENTS

  1. This is the suitable weblog for anyone who desires to find out about this topic. You realize a lot its nearly arduous to argue with you (not that I actually would want…HaHa). You positively put a brand new spin on a topic thats been written about for years. Great stuff, just great!

  2. I’m not sure why but this site is loading very slow for me. Is anyone else having this problem or is it a issue on my end? I’ll check back later and see if the problem still exists.

  3. You really make it seem so easy with your presentation but I find this topic to be actually something which I think I would never understand. It seems too complex and extremely broad for me. I am looking forward for your next post, I’ll try to get the hang of it!

  4. Hello there! This is kind of off topic but I need some guidance from an established blog. Is it difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to start. Do you have any ideas or suggestions? Thanks

  5. Thank you for every other fantastic article. Where else may just anyone get that type of information in such an ideal method of writing? I’ve a presentation next week, and I am at the look for such information.

LEAVE A REPLY

Please enter your comment!
Please enter your name here