course hero. what is the “600 billion challenge?”

by Alanna West PhD 3 min read

What is the $600 billion challenge?

New billionaire recruits to the $600 billion challenge. FORTUNE -- From a Hollywood film producer known for getting us hooked on the 'light saber' to top scientists, financiers and corporate CEOs, more of America's super rich are rising to a $600 billion challenge: Pledge at least 50% of your net worth to charity during your lifetime or at death.

Who are the billion dollar do-gooders?

In addition to those previously pledged, here's the list of the newest billion-dollar do-gooders to join the effort. Paul Allen. Laura and John Arnold. Michael Bloomberg. Barry Diller and Diane Von Furstenberg. Larry Ellison. Barron Hilton. Jon and Karen Huntsman.

How much did charitable giving decline in 2009?

Charitable giving declined 3.6% to $303.75 billion in 2009, down from $315.08 billion for 2008, the Chronicle of Philanthropy reported. The billionaire gatherings, the first in May 2009, drew the likes of Oprah Winfrey, New York City Mayor Michael Bloomberg, philanthropist and businessman George Soros and Los Angeles philanthropists Eli ...

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