In 2010, Warren Buffett and Bill and Melinda Gates made news with The Giving Pledge, an effort to encourage the very wealthy to commit a minimum of 50 percent of their wealth to charity. The challenge has certainly resonated with the ultra-wealthy; over 80 of America’s richest families have publicly made the pledge. The effort has also created a conversation among many affluent families and their advisors about the desirability of such a plan, the assets required for such a ...

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