Take the Lead From America's Wealthiest and Give Back, Get Tax Cuts

The American dream has been perpetuated throughout our nations history through a great number of philanthropic efforts. Even our founding fathers, Alexander Hamilton and Benjamin Franklin, called compassion for others an essential element for our country's success. Today, giving from the wealthiest individuals and corporations in America has helped assist in the economic recovery. Recently, investor and CEO of Berkshire Hathaway Warren Buffett have teamed up with Bill and Melinda Gates to encourage the wealthiest in our nation to commit at least half of their wealth to charitable causes.

Their project, known as the Giving Pledge, is an unprecedented task. Although they intend to target billionaires, the pledge is designed to inspire individuals of varying financial backgrounds to give back. Those who publicly make the pledge write a lettering of explanation with their motivation for giving. Donors also plan to meet annually do share their ideas and inspirations on making the world a better place for everyone.

Buffett has pledged most of his fortune to charity. Nearly 83 percent will go to the Bill and Melinda Gates Foundation. The foundation is the largest private foundation in the world today and helps end world poverty by providing educational opportunities and other aid, including access to information technology.

Forty of Americas wealthiest individuals and couples have already pledged half of their wealth to those in need. This generous list includes eBay founder Pierre Omidyar and his wife Pam. Also listed is New York Mayor Michael Bloomberg. Many reasons for pledging have been outlined thus far in the billionaires letters. Many have donated previously privately but have switched their efforts to make giving public in an attempt to motivate charitable giving across the nation.

These philanthropic pioneers are setting the bar and motivating business owners worldwide. Helping charities helps drive economic recovery and rebuilds our communities. Everyone benefits from generous donations and efforts to give back. Get involved with a charitable organization by donating or sponsoring an event. You can also start your own foundation or scholarship fund. Engaging in philanthropy from your small business can also mean huge tax breaks. Take advantage of these government incentives to help revitalize our communities. If you have tax problems that are out of control, contact the experts at http://www.guardiantaxresolutions.com/.