Gates, Buffett lobby the rich for donation pledges - KCBD NewsChannel 11 Lubbock

6/16/10

Gates, Buffett lobby the rich for donation pledges

SEATTLE (AP) - Microsoft co-founder Bill Gates and billionaire investor Warren Buffett are launching a campaign to get other American billionaires to give at least half their wealth to charity.

Former Gates Foundation CEO Patty Stonesifer told The Associated Press on Wednesday that Gates and Buffett have been campaigning for the past year to get others to donate the bulk of their wealth.

The friends and philanthropic colleagues are asking people to pledge to donate either during their lifetime or at the time of their death.

Stonesifer says the handful of billionaires approached so far have embraced the campaign. Four wealthy couples have already announced their pledges, including Los Angeles  philanthropists Eli and Edythe Broad. 

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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