We are often asked why Bill and Melinda Gates and foundation trustee Warren Buffett have pledged to give away more than 95% of their wealth. Indeed, it can be difficult to imagine why anyone would want to give away their life’s earnings. But the simple answer is that these three philanthropists feel strongly that holding on to the money for the rest of their lives only to leave large inheritances to their children is not the best use of their fortunes. Instead, they have decided to concentrate their combined wealth to help those who have not had the same opportunities, access to education and quality healthcare that they and their children have had. In pursuit of these goals the Bill & Melinda Gates Foundation has, to date, awarded more than Rs 2.4 lakh crore to support work in over 100 countries.

Read more at http://blogs.timesofindia.indiatimes.com