Give good and it will surely return to you a hundredfold



New Year’s content should be lightweight. New Year is a festive mood, tangerines, champagne, snow. This is joy, a smile, hope for New Year’s miracles and a fairy tale. The year 2020 turned out to be difficult, but interesting: you can unsettle the weak, while the strong, on the contrary, managed to use the exit from the comfort zone to their advantage.

We are sure that you, dear readers of the FxCash blog, belong to the category of strong people. And we would like to devote the last article of the outgoing year to the Oath of Giving. After all, if on a New Year’s holiday with someone to share something useful, perhaps in the New Year it will return a hundredfold.

The Oath of Giving and its followers

The Oath of Giving philanthropic campaign was launched in June 2010. Its founders Bill Gates and Warren Buffett explained its essence as follows: the goal of the campaign is to convince billionaires to share part of their wealth for the development of the world and help. When a person has everything, how else can he entertain his pride? Precisely by charity. Each person is pleased to understand that he is somehow useful to others, that they think and remember about him. The need for self-expression is the last step in the hierarchy of needs in Maslow’s pyramid.

The main provisions of the Oath of Giving:

  • A club member must donate at least 50% of their wealth.
  • Donations can be made both during the lifetime and after the death of the donor.
  • Donations to charity can be transferred in tranches.
  • The donor himself determines where and how his money will be distributed. It can support both the development of technology venture funds and people in poor countries.

Joining the campaign is not a legal obligation and is only of a moral nature. Buffett and Gates themselves donated 99% and 95% of their money, but there were not many who wanted to become philanthropists. The founders of the Oath of Donation met with most of the billionaires in person, but some people refused to take part.

To date, just over 200 billionaires from 23 countries have joined the Oath of Giving, raising over $ 735 billion. Among them are Elon Musk, Paul Tudor Jones, Mark Zuckerberg, George Lucas, Ukrainian tycoon Victor Pinchuk, Russian billionaires Vladimir Potanin and Yuri Milner. Most of the campaigners are US billionaires. It is noteworthy that neither Donald Trump nor Jeff Bezos is among them.

There is little information about which projects are currently supported by donors’ money. Therefore, the campaign also has many critics. They note that it is unclear how the money is distributed, who distributes it, and they believe that this is rather an option to minimize tax deductions. The arguments are weighty. For example, Jeff Bezos has his own charity project supporting the children of illegal immigrants who grew up in the United States.

The Oath of Giving has many followers:

  • Founders Pledge (Oath of the Founders). The project focuses on young developers. There is only one condition for joining – to found a startup and donate at least 2% of its income. If the startup goes off, it could be in the millions. And if it fails, then you don’t need to deposit money. Over 5 years of the project’s existence, more than 1,500 people have joined it.
  • Pledge. The project was launched for tech companies that can share 1% of their capital, income, product, and even time. Already about 8,500 companies have pledged to donate about $ 500 million.

True, in both of these projects, the participants are in no hurry to part with money. For example, the Oath of the Founders had to resort to legal leverage. Young startups who are not bound by time commitments, having earned money, preferred to give it to business development, family and their own pleasures. Therefore, it was decided to conclude an agreement.

Many people see charity as a plus. Join them and luck will smile on you!

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oath of gift

New Year’s content should be lightweight. New Year is a festive mood, tangerines, champagne, snow. This is joy, a smile, hope for New Year’s miracles and a fairy tale. The year 2020 turned out to be difficult, but interesting: you can unsettle the weak, while the strong, on the contrary, managed to use the exit from the comfort zone to their advantage.

We are sure that you, dear readers of the FxCash blog, belong to the category of strong people. And we would like to devote the last article of the outgoing year to the Oath of Giving. After all, if on a New Year’s holiday with someone to share something useful, perhaps in the New Year it will return a hundredfold.

The Oath of Giving and its followers

The Oath of Giving philanthropic campaign was launched in June 2010. Its founders Bill Gates and Warren Buffett explained its essence as follows: the goal of the campaign is to convince billionaires to share part of their wealth for the development of the world and help. When a person has everything, how else can he entertain his pride? Precisely by charity. Each person is pleased to understand that he is somehow useful to others, that they think and remember about him. The need for self-expression is the last step in the hierarchy of needs in Maslow’s pyramid.

The main provisions of the Oath of Giving:

  • A club member must donate at least 50% of their wealth.
  • Donations can be made both during the lifetime and after the death of the donor.
  • Donations to charity can be transferred in tranches.
  • The donor himself determines where and how his money will be distributed. It can support both the development of technology venture funds and people in poor countries.

Joining the campaign is not a legal obligation and is only of a moral nature. Buffett and Gates themselves donated 99% and 95% of their money, but there were not many who wanted to become philanthropists. The founders of the Oath of Donation met with most of the billionaires in person, but some people refused to take part.

To date, just over 200 billionaires from 23 countries have joined the Oath of Giving, raising over $ 735 billion. Among them are Elon Musk, Paul Tudor Jones, Mark Zuckerberg, George Lucas, Ukrainian tycoon Victor Pinchuk, Russian billionaires Vladimir Potanin and Yuri Milner. Most of the campaigners are US billionaires. It is noteworthy that neither Donald Trump nor Jeff Bezos is among them.

There is little information about which projects are currently supported by donors’ money. Therefore, the campaign also has many critics. They note that it is unclear how the money is distributed, who distributes it, and they believe that this is rather an option to minimize tax deductions. The arguments are weighty. For example, Jeff Bezos has his own charity project supporting the children of illegal immigrants who grew up in the United States.

The Oath of Giving has many followers:

  • Founders Pledge (Oath of the Founders). The project focuses on young developers. There is only one condition for joining – to found a startup and donate at least 2% of its income. If the startup goes off, it could be in the millions. And if it fails, then you don’t need to deposit money. Over 5 years of the project’s existence, more than 1,500 people have joined it.
  • Pledge. The project was launched for tech companies that can share 1% of their capital, income, product, and even time. Already about 8,500 companies have pledged to donate about $ 500 million.

True, in both of these projects, the participants are in no hurry to part with money. For example, the Oath of the Founders had to resort to legal leverage. Young startups who are not bound by time commitments, having earned money, preferred to give it to business development, family and their own pleasures. Therefore, it was decided to conclude an agreement.

Many people see charity as a plus. Join them and luck will smile on you!

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oath of gift

New Year’s content should be lightweight. New Year is a festive mood, tangerines, champagne, snow. This is joy, a smile, hope for New Year’s miracles and a fairy tale. The year 2020 turned out to be difficult, but interesting: you can unsettle the weak, while the strong, on the contrary, managed to use the exit from the comfort zone to their advantage.

We are sure that you, dear readers of the FxCash blog, belong to the category of strong people. And we would like to devote the last article of the outgoing year to the Oath of Giving. After all, if on a New Year’s holiday with someone to share something useful, perhaps in the New Year it will return a hundredfold.

The Oath of Giving and its followers

The Oath of Giving philanthropic campaign was launched in June 2010. Its founders Bill Gates and Warren Buffett explained its essence as follows: the goal of the campaign is to convince billionaires to share part of their wealth for the development of the world and help. When a person has everything, how else can he entertain his pride? Precisely by charity. Each person is pleased to understand that he is somehow useful to others, that they think and remember about him. The need for self-expression is the last step in the hierarchy of needs in Maslow’s pyramid.

The main provisions of the Oath of Giving:

  • A club member must donate at least 50% of their wealth.
  • Donations can be made both during the lifetime and after the death of the donor.
  • Donations to charity can be transferred in tranches.
  • The donor himself determines where and how his money will be distributed. It can support both the development of technology venture funds and people in poor countries.

Joining the campaign is not a legal obligation and is only of a moral nature. Buffett and Gates themselves donated 99% and 95% of their money, but there were not many who wanted to become philanthropists. The founders of the Oath of Donation met with most of the billionaires in person, but some people refused to take part.

To date, just over 200 billionaires from 23 countries have joined the Oath of Giving, raising over $ 735 billion. Among them are Elon Musk, Paul Tudor Jones, Mark Zuckerberg, George Lucas, Ukrainian tycoon Victor Pinchuk, Russian billionaires Vladimir Potanin and Yuri Milner. Most of the campaigners are US billionaires. It is noteworthy that neither Donald Trump nor Jeff Bezos is among them.

There is little information about which projects are currently supported by donors’ money. Therefore, the campaign also has many critics. They note that it is unclear how the money is distributed, who distributes it, and they believe that this is rather an option to minimize tax deductions. The arguments are weighty. For example, Jeff Bezos has his own charity project supporting the children of illegal immigrants who grew up in the United States.

The Oath of Giving has many followers:

  • Founders Pledge (Oath of the Founders). The project focuses on young developers. There is only one condition for joining – to found a startup and donate at least 2% of its income. If the startup goes off, it could be in the millions. And if it fails, then you don’t need to deposit money. Over 5 years of the project’s existence, more than 1,500 people have joined it.
  • Pledge. The project was launched for tech companies that can share 1% of their capital, income, product, and even time. Already about 8,500 companies have pledged to donate about $ 500 million.

True, in both of these projects, the participants are in no hurry to part with money. For example, the Oath of the Founders had to resort to legal leverage. Young startups who are not bound by time commitments, having earned money, preferred to give it to business development, family and their own pleasures. Therefore, it was decided to conclude an agreement.

Many people see charity as a plus. Join them and luck will smile on you!




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