Eli Broad Pledges To Give Away 75% of His Fortune

Late last week, in response to a campaign by Bill Gates and Warren Buffett, high profile Jewish philanthropists Eli and Edythe Broad publicly pledged to give away 75% of their $5.7 billion fortune. As part of an initiative that aims to increase philanthropy among the wealthiest Americans, Gates and Buffett have challenged the super-rich to join them in donating more than half of their money to charities and other not-for-profit causes.

“We agree with Andrew Carnegie’s wisdom that ‘the man who dies rich, dies disgraced,’” the Broads said in a statement.

New York City mayor Michael Bloomberg, whose net worth is estimated at $18 billion, has also signed on, and The Economist reports that others are expected to jump on the gold-plated bandwagon soon.

Eli Broad Pledges To Give Away 75% of His Fortune

Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. All readers can browse the comments, and all Forward subscribers can add to the conversation. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters or repeat offenders will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

Eli Broad Pledges To Give Away 75% of His Fortune

Thank you!

This article has been sent!

Close