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The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority (i.e. more than 50%) of their wealth to philanthropic causes.
Under the standard philanthropic model, billionaires set up a foundation and give it a huge endowment. Every year, the foundation has to give away at least 5 percent of its total value. Meanwhile, the other 95 percent gets invested in blue chip stocks, hedge funds, foreign currencies, whatever will keep the total endowment the same size.
Nonprofit Finder examined data from GiveWell to see what charities offer donors the most bang for their buck.
Paul Newman – founder of Newman's Own and the Hole in the Wall Gang Camp for seriously ill children; major donations to other charities; Paul Walker – founder of the charity Reach Out Worldwide; Peter Cooper – set up a free college in New York City to help poor people ambitious to improve themselves; Thomas Edison was an early alum [46]
Through the years, Oprah Winfrey, Oprah's Angel Network (1998–2010), [1] [2] the Oprah Winfrey Foundation (established in 1987), [3] [4] and the Oprah Winfrey Charitable Foundation (established in 2010) [5] have donated hours and dollars to numerous non-profit organizations operating in the United States, South Africa, and other countries.
While many of us are willing to help charities with some funds, we want our hard-earned money to go to good use. There are ways of determining if the charity you are giving to will actually spend ...
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