The Giving Pledge campaign initiated by Warren Buffett and Bill and Melinda Gates has announced that ten more of the country's wealthiest individuals and families have pledged to give the majority of their wealth to charity, raising the number of pledge signatories to sixty-nine.
New signatories include Joyce and Bill Cummings, Ray and Barbara Dalio, John Paul DeJoria, Phillip and Patricia Frost, Harold and Sue Ann Hamm, Vinod and Neeru Khosla, Rich and Nancy Kinder, Edward W. and Deedie Potter Rose, Lynn Schusterman, and Annette and Harold Simmons.
In a time of growing need and difficult challenges, the campaign is an effort to help address society's most pressing problems. As Buffett and the Gateses have noted in the past, the pledge is a moral commitment to give rather than a legal contract and does not involve the pooling of funds or an obligation to support a particular set of causes or organizations. While it is focused on America's wealthiest individuals and families, the campaign takes its inspiration from other efforts that encourage and recognize givers of all financial means and backgrounds.
"We are seeing great progress in less than a year," said Buffett. "I am delighted that so many wealthy Americans are taking a public pledge that supports philanthropy. The continued energy and passion for this project, and the many philanthropy conversations it has sparked with families from all walks of life, are inspiring. We welcome our ten new pledgers wholeheartedly."