A Golden Age of Philanthropy? An Analysis of The Giving Pledge's Commitment Letters

This paper analyzes the Giving Pledge, initiated by Warren Buffett and Bill and Melinda Gates, where billionaires commit to donating at least half their wealth. It reveals a largely traditional approach to philanthropic giving among signatories, with limited evidence of transformational efforts. The majority of pledgers are older and from non-technology sectors. While letters articulate ethical principles, they are generally vague on specific giving strategies. Education and health are dominant causes. The study suggests the Pledge may increase giving from the super-rich but offers no evidence it will narrow the expanding wealth gap.