Billionaires Urged to Unlock Their Vaults for Charity

The Broad + kids

Diane Bondareff for The Eli and Edythe Broad Foundation

Eli Broad pledged to give away 75 percent of his roughly $5.4-billion fortune.

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Diane Bondareff for The Eli and Edythe Broad Foundation

Eli Broad pledged to give away 75 percent of his roughly $5.4-billion fortune.

Dinner invitations from Bill Gates now come with a main course of philanthropy, at least if you are one of America’s billionaires. Mr. Gates, his wife, Melinda, and their good friend Warren Buffett plan to host many of America’s richest people, as part of an effort to persuade fellow billionaires to sign a public statement committing at least half their fortune to charity.

The effort, known as the Giving Pledge, has nonprofit officials hoping it could create a new standard