US super rich commit $ 150 billion (Rs 700,000 crores) for charity --------indeed great news. Any idea who will be the major beneficiaries of this?
Mr.Buffette has handed over the his committment to the Bill and Melinda Foundation, which is largely orientated towards tackling diseases in developing nations.Thge pledge doesnot define any specific causes that the billionaires will target with their fortunes and it doesnot involve all the individuals pooling their money. Instead it will be left upto each individual to dwtermine whixch endeavours they wish to fund. The Hollywood director, George Lucas has said his chosen cause will be education.
Most probably, education, healthcare and poverty alleviation programmes in under developed and developing nations wil ...more