The Giving Pledge is really a non-binding agreement initiated by Bill and Melinda Gates and Warren Buffet to encourage the 1,000 billionaires to give generously at some stage in their life or after death. So, what does The Giving Pledge mean to the nonprofit world and your particular nonprofit specifically?

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The article goes on to say how the IRS estimated about $11 billion dollars in charitable deductions on taxes off of the top 400 earners in 2007, which is the latest data obtainable. This is about 8 percent.

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