Sir Tom and Lady Marion Hunter Join Giving Pledge

Sir Tom and Lady Marion Hunter Join Giving Pledge

The Giving Pledge has announced that Scottish billionaire Sir Tom Hunter and his wife, Lady Marion Hunter, have pledged to commit at least half their wealth to philanthropy.

The son of a shop owner, Hunter started selling sports shoes from the back of a van with a £5,000 loan from his father and built the business into Europe's largest independent sports retailer. Credited with coining the term "venture philanthropy," Hunter co-founded, with his wife, the Hunter Foundation, "a proactive venture philanthropy that seeks to invest in determining model solutions." He was knighted in 2005 for services to entrepreneurship and philanthropy, pledged £1 billion to charity in Britain and Africa in 2007, created the Clinton Hunter Development Initiative in 2008, and received the Carnegie Medal of Philanthropy in 2013.

The latest announcement brings the total number of signatories to the Giving Pledge, which was launched by Warren Buffett and Bill and Melinda Gates in 2010, to a hundred and thirty-nine individuals and couples. "For those who are thinking about this," Hunter wrote in the couple's pledge letter. "All I would say is seeing a project we have helped work is a bigger sense of achievement than any business deal I have ever done."

"We don't want to be the richest guys in the graveyard; we want to 'do good' while we are alive," Hunter goes on to say. "Why let others have all the fun?"

Tom Hunter, Marion Hunter. "Our Giving Pledge." Sir Tom and Lady Marion Hunter Giving Pledge Letter 08/27/2015.